SPREADS May crush trades to 67c/bu, while oilshare is 34.65%. July/Dec corn trades from 74 3/4c inverse to 78c, while May/July trades down to 11 1/2c from 12 1/2c. May/July wheat trades from 11c down to 8 3/4c. July/Nov bean inverses congests from 1.76 1/4c to 1.80 1/4c, while March/May trades from 1 1/4c to 3/4c inverse. July/Dec meal trades from $50.40 inverse down to $49.30. July wheat/corn trades from 98 1/4c to 98c. PALM OIL Closed for holiday. India's palm oil imports jumped 31% in Jan from a year earlier as lower import taxes prompted refiners to increase purchases of the tropical oil, while soyoil and sunflower oil imports fell, as reported by a trade group. NEWS Stocks are down 30 pts...
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.