SPREADS Bullspreads remain strong along with crush. Dec crush gaps higher top 1.13.39c/bu while oilshare struggles at 31.08%. Dec/Dec corn trades into 4 1/4c from 6 3/4c, while Dec/March narrows into 8c from 8 1/2c. Dec/March wheat trades into 1 1/4c from 2 1/4c. Jan/March beans into new ctr highs inverting to 27 3/4c from 18 3/4c. Dec. wheat/corn trades to 2.23 1/4c from 2.18 3/4c. PALM OIL Dec. settles up 20 ringgits, with cash offers for RBD palm oil and olein trading up $10/mt higher ending at $752.50/mt and $755.00, respectively. Vegoil analyst Tom Mielke forecast India's 20/21 edible oil imports to rise to 15.3 mmt vs. the prev. year at 14.4 mmt. NEWS Stocks are up 180 p...
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...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...