SPREADS July crush trades up to 64.02c/bu while oilshare trades higher, recovering losses to trade up to 39.52%. July/Nov bean inverse trades higher to 1.44 3/4c from 1.42c, while May/July trades up to 8c inverse from 7 1/4c. July/Dec meal inverse softens to $13.50 from $15.50, while May/July meal carry trades from $4.10 out to $4.60. July/Dec corn inverse trades from 62 1/2c up to 65 3/4c, while May/July trades from 13c to 13 1/2c inverse. July wheat/corn spread trades from 74 1/4c up to 80c. May/July wheat trades from 1c to 2c carry. PALM OIL Malaysian palm oil gained more than 3% Friday, with cash offers for RBD palm oil and olein ended up 120 ringgits at 3,710 ringgit/ton. NEWS Stocks are higher...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
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.