SPREADS July crush trades to 59.35c/bu, while oilshare trades firmer to 39.31%. Spreads are firmer with July /Nov beans trading from 1.38 1/4c to 1.42c. May/July beans trades from 8c inverse up to 8 3/4c. July/Dec meal trades from $11.00 inverse closing at $12.10. May/July wheat trades from 1 1/2c to 2 1/4c carry. July/Dec corn trades back up to 71c from 67c as new buying sets in. Look for the possibility of further strength back towards 80c. May/July corn trades up to 15c inverse from 14 1/4c. PALM OIL June closes up 81 ringgits at 3,811 ringgit/mt. AmSpec Malaysia estimated FH palm oil exports at 585,510 mt, up 13% vs. FH March estimates. NEWS Stocks are up 150 pts wit...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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.