SPREADS May crush is lower at 89.53c/bu while oilshare values congest just under 34.0% at 33.98%. Jly/Dec corn trades from 2 1/4c to 3c while March/May trades from 4 1/2c to 4 3/4c. March/May wheat trades from 1.85 1/4c to 1.82 1/4c. July/Nov beans trades from 6 1/2c out to 8c. PALM OIL April up 38 ringgits after prices hit the lowest levels yesterday since Nov. 8, and is off almost 20% since the highs on Jan 10. Malaysian Primary Industries Minister said the gov. expects B20 biodiesel blending program to be fully implemented by mid-2021, absorbing 543,000 mt of palm oil / year. The ministry acknowledged it will continue towards testing B30 blend rates starting in June. NEWS Stocks are lo...
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.
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...