SPREADS October crush is 1.09c/bu while oilshare is slightly lower at 32.63 percent. Dec/March corn trades from 12 1/2c to 12 3/4c while Dec 19/20 spread trades out to new lows at 35 1/2c. Dec wheat/corn trades from 92 1/2c to 98c. Nov/Jan beans trades out to 14c from 13 3/4c. Dec/March meal trades from $4.30 to $4.50. PALM OIL Up 34 ringgits NEWS The stock market opened up 250 pts as the money flows are back to buying equities and selling commodities. The US dollar is firmer at 98.29. CALLS Calls today are as follows: beans: 3-5 higher meal: 80-1.00 higher soyoil: 15-20 higher corn: 1 higher wheat: 2 1/2-3 lower canola: 1.00-1.20 higher BUSINESS USDA rep...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
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...
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.