SPREADS August crush trades to 97.28c/bu while oilshare trades to 47.87%. Sep oilshare trades to 47.27%. Sep/Dec corn spread is firmer with an inverse from 3 1/2c to 4 3/4c, while Dec/March carry narrows into 7c from 7 1/4c. August /Nov bean inverse finds lower values at 52c from 56 1/4c, while Sep/Nov trades from 11c down to 9c. Sep/Dec meal trades from $4.10 to $4.80 carry. Sep/Dec wheat trades from 8c to 8 3/4c carry. PALM OIL Holiday NEWS The stock market started the evening with 155 pt gains and is currently up 130 pts. The US dollar trades higher to 93.11 while crude trades in the red down to $65.78/barrel. CALLS Calls are as follows: beans: 18-22 higher meal:&...
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm bill. The House version of the farm bill included a fix, but the Senate bill, based on the discussion draft released by Chairman John Boozm...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
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.