SPREADS August crush trades to 84.39c/bu while oilshare remains steady at 46.0%. Sep/Dec corn inverse strengthens to 15 1/4c from 13 1/4c. Sep/Dec wheat trades to a 9c carry from 8 1/2c, but could widen out further with downside targets towards 10c-12c. Dec wheat/corn trades from 96 3/4c to 1.07 1/2c. August /Nov bean inverse trades from 44c up to 51 1/4c while Sep/Nov trades from 6c to 8 1/4 inverse. PALM OIL Sep. closed up 125 ringgit/mt, ending at 3,898 ringgit/mt. NEWS Stocks are up 260 pts as crude oil prices stabilize to trade up to $73.46/barrel. The US dollar trades down to 92.34. CALLS Calls are as follows: beans: 2-4lower meal: 2.00-2.20 lower soyoil: ...
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.