SPREADS August crush trades to 90.84/cub while oilshare firms to 44.18% from values starting this week at 43.35%. Inverses are firmer with August /Nov beans trading up to 55 3/4c from 50c. Sep/Dec corn inverse trades from 13c up to 16 1/2c. Sep/Dec meal carry narrows into $1.50 from $2.50, and from values that were out to $12.00 on the break. Dec wheat/corn trades from 1.17 1/4c up to 1.25c. Dec/March wheat trades from 6c to 6 1/2c carry. PALM OIL Started the night higher following soyoil but ended about unchanged with Sep. closing down 1 ringgit, or 0.03% at 3,390/ringgits. Indonesia announced Monday that they would change the levy structure for palm oil exports, cutting the ceiling rate for crude pal...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.