SPREADS August crush trades to 98c/bu while oilshare trades up to 45.20%. August/ Nov bean inverse trades from 47c up to 54 1/4c. Sep/Dec meal inverse trades into $1.50 carry from $2.60. Sep/Dec corn inverse trades from 13 1/4c to 14 3/4c. Dec wheat/corn trades from 1.27 1/4c up to 1.31 1/2c. December soyoil and meal have the largest open interest, so will technically outline these markets moving forward. PALM OIL Sep. closed up 55 ringgits at 3,445 ringgit/ton. Prices closed up 4% on better demand signals and on the back of strong soyoil futures. Demand for June and July could be better as more inquiries are said to be occurring. NEWS Stocks are up 60 pts today with cru...
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.