SPREADS Jan crush trades to 1.29c/bu while oilshare firms to 31.38% from recent lows closer to 30.0%. Dec/March corn trades into even from 1 1/2c carry, while Dec/Dec trades up to 25 3/4c inverse from 23 3/4c, and what was at one point a 40c carry during the summer. Dec/March wheat trades into 1/2c to 3/4c carry. Dec wheat/corn trades from 2.07c down to 206c. Jan/March bean inverse trades from 14 3/4c to 13 1/2c. Dec/March meal trades from $19.70 inverse to $18.50. November bean open interest falls to 132,361 vs. January at 361,789. PALM OIL Jan palm oil closed up 127 ringgits, underpinning soyoil futures today. Intertek forecast Malaysian palm oil exports over the Oct. 1-25 period at 1.398...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.