SPREADS July crush trades down to 83c/bu while oilshare trades at 41.58%. Spreads are weaker with deliveries, with May/July beans trading to an inverse of 32c from 40 3/4c, and July/Nov trading down to 1.79c from 1.84 1/4c. July/Dec meal trades from $22.60 down to $20.70 inverse. July/Dec corn inverse remains firm trading from 1.02c to 1.04 3/4c, after posting a 1.09c high this week. May/July corn trades down to 50c inverse from 54 1/4c. May /July wheat trades from 11 1/2c inverse to 8 1/2c. July wheat/corn trades from 81 1/2c down to 73 3/4c. PALM OIL July palm oil down 67 ringgits ending at 3,869 on fears of lower demand from India due to covid-19. NEWS Stocks are down 137 pts with crud...
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.
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...