SPREADS Oct. crush trades to 95.46c/bu while oilshare trades to 34.94%. Corn spreads tighten a bit with Dec/Dec trading into 36 1/2c from 37 3/4c, and values that were as wide as 40c. Sep/Dec corn trades into 11 1/2c from lows of 13c carry. Sep/Nov bean trades into 2 1/2c from 3c. Sep/Dec meal trades from $5.20 to $5.40. Dec wheat/corn trades from 1.77 1/2c to 1.76 1/4c. Sep/Dec wheat trades out to 9c from 8 1/2c. PALM OIL Oct. closed up 40 ringgits. Sep. cash offers for RBD palm oil and olein traded unchanged at $705.00/mt and $707.50/mt, respectively. NEWS Stocks are higher this morning, up 250 pts, with crude oil trading to $42.35/barrel and the US dollar at 93.48. CALLS Calls...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.