SPREADS July crush trades to 68.20c/bu while oilshare trades up to 41.0%. Spreads remain firm with July/Nov bean inverse trading up to 1.81 1/2c from 1.73 1/2c, while July /Dec corn trades from 82 1/4c from 74 3/4c. July wheat/corn trades from 85c down to 80c. PALM OIL July palm oil is down 60 pts ending at 3,929 ringgits. NEWS Stocks are 29 pts lower with crude oil at $61.25/barrel lows, and the US dollar weaker at 90.89. CALLS Calls are as follows: beans: 3-5 lower meal: 2.20-2.50 lower soyoil: 5-10 lower, May up 10-15, look for soyoil contracts to probably turn higher corn: 3-5 lower wheat: 2-4 lower BUSINESS USDA reports 132,000 mt of beans sold to Chi...
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.