SPREADS March crush trades lower to 94.77c/bu while oilshare trades to 32.59%. The July/Dec corn inverse closes into recent highs of 23 3/4c from 21c. March/May corn trades from 2c into 1 1/2c carry. Jan/March beans trade from 4 1/2c into 3 3/4c, while Jan/March meal trades into a small inverse. March wheat/corn trades from 1.75 1/4c to 1.64 1/4c. PALM OIL March up 10 ringgits. Malaysian Palm Oil Board reported the gov. has increased its Jan. palm oil export tax to 8.0%, the maximum rate, from 6.5% in Dec. The Malaysian Palm Oil Council sees 2021 global production expanding to 78.4 mmt, up 6% from 2020 levels. The Council saw China's 2021 consumption slightly decreased to...
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...
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.