SPREADS August crush trades to 92c/bu while oilshare trades to 43.03%. July/Nov bean inverse trades from 83 3/4c to 93 3/4c. Sep/Dec meal trades from $2.70 carry out to $4.00. July/Dec corn inverse trades from 88 3/4c up to 95 3/4c, while Sep/Dec corn inverse trades from 13 1/4c down to 11c. Dec/March wheat trades from 5 1/4c carry out to 6 1/4c. Dec wheat/corn trades from 1.18c down to 1.08c. PALM OIL Indonesia's Finance Minister stated the gov. would change its palm oil export levy program, lowering the highest rate to $175/mt, down from $255/mt, currently. The levy will likely increase by $20/mt for crude palm and $16/mt for products for every $50 increase in price, but with a ceiling of...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.