SPREADS March crush trades lower to 94.77c/bu while oilshare trades to 32.59%. The July/Dec corn inverse closes into recent highs of 23 3/4c from 21c. March/May corn trades from 2c into 1 1/2c carry. Jan/March beans trade from 4 1/2c into 3 3/4c, while Jan/March meal trades into a small inverse. March wheat/corn trades from 1.75 1/4c to 1.64 1/4c. PALM OIL March up 10 ringgits. Malaysian Palm Oil Board reported the gov. has increased its Jan. palm oil export tax to 8.0%, the maximum rate, from 6.5% in Dec. The Malaysian Palm Oil Council sees 2021 global production expanding to 78.4 mmt, up 6% from 2020 levels. The Council saw China's 2021 consumption slightly decreased to...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.