SPREADS May crush trades down to 59c/bu, while oilshare firms to 35.91%. Spreads recover with July/Dec corn trading from 70 1/4c up to 74 1/4c, and May/July trading from a 9c inverse to 9 1/2c. May/July wheat trades from 12 3/4c inverse down to 11 3/4c. July/Nov beans inverse trades from 1.64c up to 1.80 3/4c, while May/July trades 8 1/2c to 11 1/2c. Bull-spread liquidation still continues into first notice day on Friday. July/Dec meal trades from an inverse of $44.20 down to $39.00. PALM OIL May up 126 ringgits closing at 3,670 on talk of better than expected Feb. exports. NEWS Stocks are modestly higher up 14 pts with crude oil trading to new contract highs in April at $63.00/barrel. The Dow is up...
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
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.