SPREADS August crush trades 85c/bu while oilshare trades lower to 43.31%. Bean spreads are firmer with July/Nov trading to 1.12 1/2c from 1.05c, but corn spreads are weaker. July/Dec corn trades from 1.02 1/2c inverse down to 95 3/4c, while Sep/Dec trades from 17c to new lows of 13 1/4c. Dec/March wheat trades from 6 1/2c to 7c carry. Dec wheat/corn trades from 1.07 1/2c down to 1.02c. PALM OIL Sep. palm closed down 34 ringgits ending at 3,370 ringgit/mt. NEWS Stocks are lower, down 59 pts, with crude oil trading to $72.29/barrel highs and the US dollar trading up to 91.84. The higher US dollar is negative for trade today and commodity prices in general. Conclusion of th...
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
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.