SPREADS July oilshare rises to 38.65% and crush trades up to 59c/bu. Spreads are firmer with July/Nov trading up to 1.44 1/2c from 1.36 1/2c, and May/July bean inverse trading up to 7 1/2c from 5 1/4c. July/Dec meal inverse strengthens to $17.30 from $12.50 lows. July/Dec corn inverse trades from 51c closing at 55 1/2c, with a 56 1/2c high. May/July corn trades up to 14 3/4c from 13c. July wheat/corn spread trades from 64 1/4c to 60 1/4c. PALM OIL June up 53 ringgits ending at 3,792.00 ringgit/mt. NEWS Equities are lower this AM, down 40 ringgits, as the G20 convenes to discuss the uneven covid-19 recovery. The IMF forecast US GDP to grow at 6.4% in 2021 vs. 5.1% forecast back in January. ...
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
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.