SPREADS August crush trades to 1.13c/bu while oilshare trades to 46.54%. Jul/Nov bean inverse sits at 46 1/4c to 49 3/4c, while August/Nov firms to 28 1/4c from 27 1/4c. Sep/Dec meal trades into $1.80 carry from $2.40. Jul/Dec corn inverts to ctr highf of 1.50c from 1.41c, while Sep/Dec trades from 13 1/4c down to 10 3/4c. Dec/March wheat trades from 7c to 7 1/2c carry. Dec wheat/corn trades from 1.08 3/4c to 1.11 1/2c. PALM OIL Sep. up 44 ringgits to close at 3,597. India's gov. moved to lower crude oil import tax to 10% from 15% for the next 3 months. Intertek forecast exports for June at 1.519 mmt, up 7.1% from their 1.418 mmt est. at the end of May. NEWS The stock market is lowe...
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.