SPREADS March crush trades to 1.07c/bu while oilshare trades to 35.71%. July/Dec corn trades to 1 1/2c carry from 1/4c, while March/May corn trades out to 6 3/4c. March/May meal trades from $3.00 to $3.30. Jan/March beans trades from 12c to 12 3/4c. PALM OIL Up 17 ringgits NEWS Stocks are up 30 pts with the US dollar breaking a bit to 97.46. Crude rallies to $61.05/barrel. CALLS Calls are as follows: beans: 2-4 lower meal: 2.20-2.50 lower soyoil: 15-20 higher corn: 1/2 higher wheat: 3 1/2 -4 higher canola: steady BUSINESS USDA reports 126,000 mt of beans sold to China for 2019/20. TECHNICALS March Beans: Major trend is higher and think we c...
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.