SPREADS March crush trades to 97.54c/bu while oilshare trades to 32.44%. Jan/March beans trade at a 1 1/2c-2c carry. Dec/March corn trades from 4 1/4c to 4 3/4c as there are no corn deliveries. March/May corn trades from 2 1/4c to 3c. March wheat/corn trades from 1.65 1/2c down to 1.59 1/2c after a round of profit-taking yesterday. PALM OIL Feb. crude up 13 ringgits at 3,329 ringgit/mt. Indonesian Palm Oil Assoc head said they expect 2021 production around 49.0 mmt, up from 2020 production at 47.4 mmt. Exports next year are round 36.0 mmt vs. 32.3 mmt forecast for 2020. NEWS Stocks are up 33 pts. with new lows in the US dollar, which trades down to 90.63. CALLS Calls today 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
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.