SPREADS Dec crush trades to 96c/bu while oilshare trades to 45.72%. Corn spreads are firmer across the board. Dec/March corn trades into 7 1/4c from 8c, while Dec 21/22 corn inverse trades from 18c up to 23 1/2. Dec wheat/corn spread trades from 1.72 3/4c up to 1.79 1/2c. Nov 21/Nov 22 inverse trades from 25 3/4c to 29 1/4c. Nov/Jan bean spread trades from 8 3/4c out to 9 1/4c. Dec/March meal trades from 5.00 to $5.40 carry. PALM OIL Nov. up 98 ringgits ending at 4,438 ringgit/mt. NEWS Stocks have been trading both sides of even with crude up to $71.73/barrel and the US dollar down to 92.42. CALLS Calls are as follows: beans: 8-10 higher meal...
What You Need to Know Today: The latest EIA Short-Term Energy Outlook forecast 2027 U.S. WTI crude oil at $65.39/brl, up about $5 from the prior forecast. President Trump late Monday claimed the U.S. has swept the entire Strait of Hormuz (SOH) for sea mines. Iran’s security council said...
Key Takeaways: Soymeal with 44 percent protein generally contains more soybean hulls and fiber, while 48 percent soymeal is more extensively dehulled, resulting in higher protein concentration and lower fiber. CBOT soymeal futures were lowered from a 48 percent to 47.5 percent protein specific...
The trade deficit contracted slightly to $73.3 billion in June, a break from the volatility that has underscored international trade over the past year. Despite the small change, there was plenty of activity behind the scenes: imports fell $7.3 billion, led by crude oil, reflecting cheaper crud...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.