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: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.