SPREADS May crush trades up to 1.05c/bu while oilshare trades higher, back towards 35% at 34.91%. July/Dec corn trades from 1/4c to 1 1/4c carry, with March/May at 5 to 5 1/2c. March wheat/corn trades down to 1.78c from 1.83c. March/May meal trades from $4.20 to $4.40. July/Nov beans narrows into 7 1/4c from 8 1/2c. March/May wheat trades from 1 1/2c inverse down to 1/4c. PALM OIL April palm oil traded 153 pts higher, ending at 2,728 ringgit/me. SGS estimated palm oil exports for the Jan 1-25 period at 1.015 mmt, down 4.8% from 1.066 mmt in Dec. 1-25. Indonesia will tax crude palm oil exports from Feb. for the first time in nearly 3 yrs, as reported by its trade ministry. Indonesia an...
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
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.