SPREADS Jan crush trades to 1.07c/bu while oilshare trades to 32.87%. Dec/March corn trades to 4 1/2c from 6c, while Dec/Dec trades from a 14c inverse up to 17 1/4c. March corn open interest now stands at 834,775 vs. Dec at 240,433 contracts. Jan meal open interest is 74,649 contracts vs. Jan at 127,433. March bean open interest stands at 235,291 vs. Jan at 335,836. Jan/March beans trades from 2c inverse to 3/4c. Dec/March meal trades from $4.50 up to $5.50. Dec wheat/corn trades from 1.66 1/2c to 1.67 1/2c. PALM OIL Palm oil prices are a bit lower due to poorer export numbers that were released. Malaysia's palm oil exports through Nov 1 -20 period are estimated to be do...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.