SPREADS Jan crush trades to 1.05c/bu while oilshare trades to 32.38%. December open interest continues to liquidate. Dec/March corn trades out to 7c from 6 1/4c, while the Dec/Dec inverse trades from 14c down to 11 3/4c. Dec/March wheat trades from 5 3/4c out to 7c. March wheat/corn trades from 1.90 1/4c to 1.85c. Jan/March bean inverse trades out to 2c carry from 1 1/4c. PALM OIL Feb. closed up 33 ringgits higher, ending at 3,282 ringgit/mt. AmSpec Malaysia estimated palm oil exports over the Nov 1-25 period at 1.145 mmt, down from 1.412 mmt in their Oct. 1-25 estimate. NEWS Stocks are down 60 pts as the US dollar trades to 30-month lows at 91.94. Crude trades up to 6-month highs a...
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
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.