SPREADS October crush trades to 1.09c/bu while oilshare trades to 33.33%. Corn spreads were sharply lower; the Dec 19/Dec 20 inverse of 3c is now a 24 3/4c carry post report. Dec/March corn trades from 12c to 12 1/2c. Dec wheat/corn trades from 89 1/2c to 94c. Sep/Dec meal trades from $5.10 to $5.30, while Dec/March meal trades from $4.60 to $4.80. Nov /Jan beans trade from 13 1/4c to 13 1/2c. PALM OIL September closed up 35 ringgits. Malaysian Palm Oil Board (MPOB) data released estimated July 2019 production at 1.738 mmt, higher than analyst's expectations at 1.692 mmt but higher exports offset. NEWS Stocks are slightly lower down 50 pts while gold prices j...
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.
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate incre...