SPREADS May crush trades at 91.24c/bu while oilshare trades to 34.35%, as meal prices hit new ctr lows. July /Dec corn narrows into 2 1/2c from 3 1/2c, while March/May trades into 3 1/2c from 4c. July/Nov beans trades from 8 1/4c out to 10 1/2c. May wheat/corn trades down 4c to 1.67c. PALM OIL May down 78 ringgits, with cash offers down $12.50/mt. The palm oil council in Malaysia estimated 2020 production at 20.2 mmt, and 2020 exports to total 17.4 mmt. They noted that they expect China and India to reduce their imports of palm oil. NEWS Stocks losses have increased and the Dow is now down over 880 pts. Crude trades down to $50/73/barrel while the US dollar firms to 99.63. CALLS Calls a...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.