SPREADS May crush firms to 75c/bu while oilshare trades to new highs at 39.97%. Inverses find stability. July/Nov trades from 1.56c to 1.60 1/2c, while May /July beans trades from 15c to 13 1/4c. July/Dec meal inverse trades from $31.20 up to $33.30. July/Dec corn trades from 42 3/4c inverse up to 38c, while May/July trades from 9 1/4c to 10 1/4c. May wheat/corn trades from 1.19c down to a closing price of 1.07c. PALM OIL May palm oil closes up 79 ringgits to 4,053 ringgit/mt. SGS estimated exports at 334,556 mt for March 1-10 which was down 18.4% from Feb 1-10. NEWS Stocks are 80 pts higher as the number of Americans seeking unemployment dropped by 42,000 from 754,000 the week before.&nb...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.