SPREADS Dec crush is 88.65% with oilshare at 44.83%. Spreads are wider with Dec/March corn trading from 7 /34c to 8 1/2c carry, while Dec 21/Dec 22 trades from 23 1/2c to 18 1/4c. Dec/March wheat trades from 10 3/4c to 11c. Dec wheat/corn trades from 1.77 3/4c to 1.76c. Nov/Jan bean carry trades out to 8 1/2c to 9c. Nov 21/Nov 22 bean carry trades from 25c to 26 3/4c. Dec/March meal trades from $5.40 out to $5.70 carry. PALM OIL Dec. futures up 139 ringgit/mt to 4,331/ringgit/mt. NEWS Stocks are up 200 pts as China returns from holiday. Crude oil trades up to $71.80 with the US dollar at 93.29. CALLS Calls are as follow: beans: 3-5 higher meal: 50-.60 lower soyoil: ...
Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...
Mediterranean/Middle East/North Africa/Africa – MEA Region Tunisian researchers have been able to fully sequence the genomes of two local durum wheat types that have been grown in Tunisia for generations. They say that this “could be the key to developing more climate-resistant duru...
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...
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.