SPREADS Sep crush trades to 1.24c/bu while oilshare trades to 47.70%. August oilshare trades to new highs at 48.32%. Sep/Dec corn inverse leaks down to 2 1/4c before finding some stability to trade to 5c. Sep/Dec corn inverse has been losing ground on concerns over lower US export demand so far, as well as chatter that some of the eastern Corn Belt corn could be harvested early, perhaps as soon as September. Dec/March corn carry trades from 7c - 7 1/2c. August /Nov bean spread trades from 58 1/4c to 63 1/2c. Sep/Nov bean inverse trades from 13c to 14 3/4c. Sep/Dec wheat trades into 6 3/4c from 7 1/2c, and from values that were out to 9c. Dec wheat/corn trades from 1.43 1/4c to 1.50c.&n...
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm bill. The House version of the farm bill included a fix, but the Senate bill, based on the discussion draft released by Chairman John Boozm...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
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.