SPREADS July crush trades to 61.87c/bu while oilshare values trades higher to 40.24%. Bean spreads are firmer with July/Nov trading up to 1.63 3/4c from 1.58 1/4c. Meal spreads weaken with the inverse trading from $17.00 down to $15.30. July/Dec corn inverse trades up to 68c from 63 3/4c. July wheat/corn trades from 66c up to 76c. PALM OIL June palm closes up 87 ringgits higher. NEWS Stocks are 45 pts lower with crude oil prices trading down to $60.93/barrel. CALLS Calls are as follows: beans: mixed-down 3 meal: 2.20 - 3.00 lower soyoil: 25-30 higher corn: steady/firm wheat: 2-4 higher canola: 3.00- 3.50 higher BUSINESS No business reported...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
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.