SPREADS August crush trades to 84c/bu while oilshare trades to 43.62%. Jul/Nov bean inverse trades from 1.04 1/2c down to 75 3/4c. Sep/Dec meal trades from $3.20 carry out to $5.00. July /Dec corn trades from 1.03 1/4c down to 94 1/2c, while Sep/Dec trades from 17c down to 14 1/4c inverse. Dec/March wheat trades from 5 1/2c carry to 6 3/4c. Dec wheat/corn trades from 1.21c down to 1.14c. PALM OIL Sep. palm oil futures closed up 38 ringgits at 3,415 ringgit/mt. NEWS Stocks are down 130 pts with the US dollar firmer trading to 92.07 while crude oil trades to a low of $70.33/barrel. CALLS Calls are as follows: beans: 50-55 higher meal: 6.40-7.20 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...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
From WPI Consulting
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.