SPREADS Crush trades down to 91c/bu with oilshare at 45.89%. Spreads were firmer with Dec/March corn narrowing into 7c from 7 1/2c. Dec 21/Dec 22 trades from 26 3/4c to 24 1/4c inverse. Nov/Jan bean spread trades from 8 1/2c to 9c, while Nov 21/Nov 22 trades from 30c inverse to 34 3/4c. Dec/March wheat trades from 11 1/2c out to 12c carry. Dec wheat/corn trades from 1.80c down to 1.74c. PALM OIL Closed for public holiday. NEWS Stocks are slightly lower with crude oil trading down to $72.39/barrel. The US dollar is firmer up to 92.79, as there seems to be a bit of unwinding in this spread today. CALLS Calls are as follows: beans: 1-3 higher meal: 1.80-2.00 higher soyoil:&n...
What You Need to Know Today: The latest EIA Short-Term Energy Outlook forecast 2027 U.S. WTI crude oil at $65.39/brl, up about $5 from the prior forecast. President Trump late Monday claimed the U.S. has swept the entire Strait of Hormuz (SOH) for sea mines. Iran’s security council said...
Key Takeaways: Soymeal with 44 percent protein generally contains more soybean hulls and fiber, while 48 percent soymeal is more extensively dehulled, resulting in higher protein concentration and lower fiber. CBOT soymeal futures were lowered from a 48 percent to 47.5 percent protein specific...
The trade deficit contracted slightly to $73.3 billion in June, a break from the volatility that has underscored international trade over the past year. Despite the small change, there was plenty of activity behind the scenes: imports fell $7.3 billion, led by crude oil, reflecting cheaper crud...
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.