SPREADS March crush trades to 97.54c/bu while oilshare trades to 32.44%. Jan/March beans trade at a 1 1/2c-2c carry. Dec/March corn trades from 4 1/4c to 4 3/4c as there are no corn deliveries. March/May corn trades from 2 1/4c to 3c. March wheat/corn trades from 1.65 1/2c down to 1.59 1/2c after a round of profit-taking yesterday. PALM OIL Feb. crude up 13 ringgits at 3,329 ringgit/mt. Indonesian Palm Oil Assoc head said they expect 2021 production around 49.0 mmt, up from 2020 production at 47.4 mmt. Exports next year are round 36.0 mmt vs. 32.3 mmt forecast for 2020. NEWS Stocks are up 33 pts. with new lows in the US dollar, which trades down to 90.63. CALLS Calls today a...
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.