SPREADS Jan crush trades to 1.13c/bu while oilshare rises to 32.19%. The Goldman Roll is over which firms the Dec/March corn spread back into 9 1/2c from 10c. Dec/Dec corn inverse weakens to 5 1/4c from 8c. Dec/March wheat trades from 7 1/4c carry to 8 1/2c. Dec wheat/corn trades from 1.77c to 1.81 1/4c. Dec/March meal trades from $3.80 to $3.00 inverse. Jan/March beans trade out to 3/4c carry from 1/4c. PALM OIL Feb. palm oil down 18 ringgits at 3,281/mt NEWS Stocks are up over 400 pts as global markets rally on vaccine news. Reports that Moderna has developed a vaccine that is 94% effective is seen as more good news to combat the coronavirus. CALLS Calls are as follows: b...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.