SPREADS July crush trades up to 99c/bu while oilshare is steady at 31.58%. May/July corn narrows into 5 1/4c from 5 3/4c as traders roll May shorts forward. July /Dec corn narrows into 13c from 13 1/2c. July/Dec meal trades from $2.30 to $3.80. May wheat/corn trades from 2.13 3/4 to 2.18 3/4c. July/Nov beans trades firmer from 7 1/4c carry into 5 1/2c, and from values that were at an inverse. PALM OIL June up 48 ringgits. Local gov. from Sabah state in Malaysia say they will continue to enforce its decision to keep palm oil plantation and milling facilities closed until mid-April as part of its effort to keep coronavirus from spreading. Ahead of this week's Malaysian Palm Oil Board data, analysts...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.