SPREADS Dec. crush trades to 1.04c/bu while oilshare is firming to 31.71%. Bull spreads remain firm, with Dec/Dec corn trading into 2 3/4c from 5c, while Dec/March trades from 7 3/4c to 8c. Nov/Jan beans invert to 3c from 1 3/4c while Jan/March hit a high at 27 3/4c yesterday. Today, Jan/March beans are consolidating from 22 1/2c to 25 1/2c. Dec/March wheat trades from 2c to 3 1/2c carry. Dec wheat/corn trades from 2.15c down to 2.06c. PALM OIL Dec. up 23 ringgits, on expectations that October exports will be high ahead of the Diwali festival in India, and as heavy rains and more coronavirus restrictions raise output concerns. NEWS Stocks are 100 pts higher so far today, with crude oil we...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.