SPREADS Dec crush trades to 87c/bu while oilshare falls to 33.40 percent. Bean spreads widen out to 13 1/2c from 12 3/4c for Nov/Jan while Jan/March narrows into 12c from 12 1/4c. Dec/March corn narrows into 11 1/4c from 11 1/2c and values that were 13c. Dec/March wheat trades from 6 1/4c to 6 1/2c. PALM OIL Nov down 20 ringgits. Focus is on continued hot and dry weather, but that is not the main factor in market direction. Malaysian cash offers for Oct. delivered RBD palm oil traded $5/mt lower ending at $530.00/mt. Cash markets are lower as refiners struggle with the lack of Indian olein demand after Malaysia lost the differential duty advantage recently. India is swimming in...
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.