SPREADS Goldman roll continues with the Jan/March bean spread continuing to capitulate trading out to 5 1/4c from 4 1/2c. Dec/March corn remains narrow with a 3 1/4c to 3 3/4c spread trade, as there are no Dec. deliveries. March wheat/corn trades from 1.51 1/2c to 1.50c. March/May meal inverse loses strength trading down to 0.70c from $1.30. March crush trades down to 92c/bu while oilshare trades to 32.88%. PALM OIL Feb. down 31 ringgits/mt. Despite higher palm oil export tariffs announced a week ago, an Indonesian oil minister said they expect 2021 palm oil exports to reach 36.0 mmt, vs. 32.0 mmt in 2020. NEWS The stock market is down 105 pts with crude oil trading down to $45.14/barrel. The U...
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
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.