THE OPEN November beans: 1 higher December meal: .20 higher December soyoil: 1 higher December corn: 1/4 higher September wheat: 3 lower The markets opened with short-covering in corn and beans. Profit-taking in oilshare was noted with beans stabilizing on a series of business flashes this AM. Buy corn/sell wheat trade was also noted, along with buy meal/sell soyoil. At 10:00 export inspections were as follows: Beans: 635,656 mt vs. 557,607 mt week ago (and vs. an expected 535,000 mt) Corn: 1,140,979 mt vs. 726,657 mt week ago (and vs. an expected 925,000 mt) Wheat: 379,949 mt vs. 556,154 mt week ago (and vs. an expected 565,000 mt) Inspections were low end for wh...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.