SPREADS October crush trades down to 90.90c/bu while oilshare improves to 35.0%. Sep/Dec corn narrows into 13 1/4c from 14c, while Dec/Dec trades into 31 3/4c from 33c, and values that were out to 40c. Dec/March trades into 12 1/4c from 12 1/2c. Sep/Dec wheat trades from 7 1/4c out to 8c. Dec wheat/corn trades from 1.94c from 1.90 3/4c. Sep/Nov beans trades from 3 1/2c to 4 1/2c, while Nov/Jan trades from 6 1/2c to 7c. PALM OIL October down 18 ringgits. FGV, Maylasia’s top palm oil plantation, said they expected crude oil prices for the last half of 2020 to range between 2,400 to 2,600 ringgit/mt. May soften in the final quarter of 2020. NEWS Stocks are higher this morning, trading...
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.