SPREADS May cush trades to 66c/bu while oilshare trades up to 34.18%. Spreads are strong with July/Dec corn inverting to 93 1/2c from 90c, while May/July trades to new contract highs of 14 3/4c. March/May wheat trades from 2 3/4c to 3 1/2c carry. March wheat/corn trades from 88c down to 83 1/2c. July/Nov beans trades from 1.87c to 1.91 1/2c. March/May beans trades from 3 1/2c to 2 1/2c. PALM OIL April up 133 ringgits at 3,658. Analysts are expecting Malaysian Palm Oil Board Jan. data to show exports at an estimated 1.056 mmt, down 35% vs. Dec. The decline is attributed to a rush in December to book cargoes ahead of Malaysian re-implementing an export tax in Jan. NEWS Stocks are down...
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
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.