SPREADS March crush trades to 1.00c/bu while oilshare trades to 36.0%. July/Dec corn trades out to 3c carry from 2 1/4c while March/May trades back out to 7c. July/Nov beans trades from 3c to 4 1/2c. March wheat/corn trades from 1.78 3/4c down to 1.74 1/4c. PALM OIL Feb. down 39 ringgits. Indian palm oil importers have effectively stopped all purchases from Malaysia after the gov. privately warned them to shun product from the country following a diplomatic spat. China may step in but for now is about $5.00 away in cash. NEWS The Dow is up 89 pts while crude oil falls to $59.59/barrel. The US dollar trades up to 97.53. CALLS Calls are as follows: beans: 5-7 lowe...
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...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.