SPREADS Dec crush trades higher to 1.28c/bu while oilshare firms up to 47.54%. Dec/March corn trades out to 9c from 8 1/2c. Dec 21/22 inverse trades down to 5 1/4C from 7 3/4c. Dec/March wheat widens out to 12c from 11 3/4c. Dec wheat/corn trades from 2.18 1/2c to 2.08 3/4c. Nov/Jan bean carry widens out to 10 1/2c from 10 1/4c, while Nov 21/22 trades out to 3 1/2c carry from 1c inverse. Nov/March widens out to 20c from 19 1/4c. PALM OIL Dec palm jumps to a record higher over 4,700 ringgit/mt on the back of higher crude and as market survey pointed tightening Sep ending stocks and mediocre production. Dec. up 159 ringgits to 4,742 ringgit/ton. NEWS Stocks are up 18...
What You Need to Know Today: New World screwworm is back in the headlines after new cases were found in a hunter-harvested elk in Texas and a beef cow in New Mexico. The detection in wildlife could further complicate containment efforts, as implementing effective biosecurity measures is consid...
Cattle on Feed Expectations USDA’s monthly Cattle on Feed report that will show cattle inventory statistics as of 1 October will be released tomorrow, 23 October. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 100.3 percent of last year, which imp...
Key Takeaways: Dry bulk markets remain mixed with Capesize rates turning around from their recent weakness and posting solid gains on improved Chinese demand. Panamax vessels, on the other hand, saw rates decline amid greater tonnage availability in the South Atlantic and falling U.S. Gu...
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.