SPREADS Jan crush trades firmer to 1.28c/bu while oilshare trades to 31.11%. Dec/March corn trades weaker again, out to 6c carry from 5c. The Dec/Dec inverse trades from 11 1/2c down to 8 1/2c. Dec/March wheat trades from 2c to 2 3/4c carry. The Jan/March bean inverse continues to fade, trading down to 5 1/4c from 7c. Dec wheat/corn trades from 2.10 1/2c down to 2.00 3/4c. PALM OIL Up 29 ringgits, to 3,099 ringgits. Higher on expectations for supplies to tighten in Oct at 1.6 mmt and demand up 5.5%, written by one analyst. NEWS The Dow is up 200 pts with crude oil trading up to $38.92/barrel, and the US dollar down to 93.09. The US trade deficit rose in Sep. as exports continued to...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.