SPREADS Sep. crush trades at 81.48c/bu while oilshare trades over 33.0% to 33.15%. July/Dec corn narrows to 12 3/4c from 13 1/4c, while Jul/Sep trades from 4 1/2c to 5c. July/Nov beans trades to 3 3/4c to 5c, while July/August trades to a 3/4c inverse. July/Dec meal trades from $6.70 to $7.50. PALM OIL Cash offers for RBD palm oil and olein were unchanged Monday at $632.50/mt and $635.00 /mt, respectively. 2020 palm oil exports forecast by Malaysian Palm Oil Board released Monday shows they expect total palm oil exports off by 10.5% to 16.5 mmt. 2020 ending stocks are at an estimated 2.3 mmt, up 14.5% from year ago. According to Oil World's analyst Mielke, lower worldwide demand this year...
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.