SPREADS August crush trades to 87c/bu while oilshare trades to 47.0%. The July/Nov bean inverse falls to new lows of 1.12 1/2c from 1.15 1/4c as Day 4 of the Goldman roll continues. July/Dec meal widens out to an $8.40 carry from $7.20. July/Dec corn inverse trades to 81 1/4c from 87c, while Sep/Dec trades from 24c to 22c. July/Dec wheat trades from 14 3/4c carry to 15 3/4c. Dec wheat/corn trades from 88c to 77 1/4c. PALM OIL August down 26 ringgits. Palm continues to head lower on fears of increased supply vs. demand. NEWS The stock market is up 150 pts with crude oil at $70.41/barrel, and the US dollar at 90.28. US jobless claims fell to 376,000 last week, the Labor Dept...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.