SPREADS Dec crush trades down to 78.68c//bu while oilshare is 33.10 percent. Nov/Jan beans trade from 13 1/2c to 14c while Dec/March meal trades from $5.20 out to $5.30. Dec/March corn trades from 11 3/4c out to 12 1/4c while Dec 19/Dec 20 trades from 18c to 20c. Dec wheat/corn trades from 1.04 1/2c to 1.06 3/4c. PALM OIL Up 11 ringgits. China back tomorrow from holiday, otherwise few fresh inputs here. Exports were tremendous in August, slowed down in Sep., and are not much better for the month of October so far. NEWS The Dow is down 50 pts with the US dollar breaking lower to 98.74 and crude oil prices placing a new high at $53.71/barrel. CALLS Calls are as follows: beans: steady me...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.