SPREADS March crush is lower again today, trading down to 1.00 c/bu while oilshare is steady at 34.46%. March/May corn trades from 5 1/4c to 5 3/4c. Jan/March beans trades from 14 1/2c to 14 3/4c. March wheat/corn trades at 1.45 3/4c. PALM OIL Feb. down 2 ringgits. The Malaysian Palm Oil Board data for Nov. was mixed with production and exports both below expectations. Production was forecast 1.538 mmt vs. 1.610 mmt expected, and vs. last month at 1.795 mmt. Exports were 1.401 mmt, below the expected 1.557 mmt, and vs. 1.641 mmt mo ago. NEWS Stocks were 100 lower earlier in the session but have turned higher up 15 pts. STORIES Market chatter has it that 5-11 carg...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.