SPREADS Dec crush trades up to 91.20c/bu while oilshare trades higher to 45.55%. Dec/March trades from 7 1/2c to 8c, while Dec 21/22 trades from 24c inverse to 21 3/4. Dec wheat/corn trades from 1.92c to 1.87 3/4c. Dec /March wheat trades from 10 1/2c to 11c. Dec/March meal trades from 5.40 carry to $5.70. PALM OIL Dec. down 5 ringgits/mt. NEWS Stocks are down 140 pts. with crude oil at $73.66/barrel. The US dollar firms to 93.30. CALLS Calls are as follows: beans: 2-4 lower meal: .20-.60 lower soyoil: 5-10 pts lower corn: 2 1/2-3 1/2 lower wheat: 1-2 lower canola: 2.00-3.00 higher BUSINESS No announcements this AM TECHNICALS November Beans: Price...
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
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.