SPREADS March crush falls to 68c/bu while oilshare falls to 32.77%. Corn spreads remain firm in front of the report, with July/Dec trading to 57 1/2c from 51 1/4c, and March/May trading from 1/2c to 1 1/4c carry. March/May wheat trades from 1c to 2 1/2c carry. March wheat/corn trades from 1.37c up to 1.53c. March/May beans trades up to 4 1/4c inverses from 2 1/2c, while March/May meal trades up to $4.10 inverse from $2.40. PALM OIL March down 33 ringgits. Malaysian inventories in Dec. plunged to 1.26 mmt, its lowest in more than 13 years, but is expected to rebound to 2 mmt by the end of 20/21. Intertek estimated Malaysian exports for Jan 1-10 at 260,080 mt, down 35% from Dec. 1-10 time per...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.