SPREADS July crush trades firmer to 85.77c/bu, while oilshare trades to 30.55%. Corn spreads widen with July/Dec out to 16 3/4c from 15 3/4c. May/July corn trades from 7 3/4c to 8 1/4c. July/Nov beans trades from 2 1/4c out to 5c, while July/Dec meal trades from $2.90 out to $3.90. July wheat /corn trades from 2.17 1/2c down to 2.07 1/4c. PALM OIL July closed up 2 ringgits, with futures recovering from lows yesterday, but the main trend is down. Malaysian June cash offers for RBD palm oil and olien on Tues. traded $2.50/mt higher ending at $517.50/mt and $520.00/mt, respectively. NEWS Stocks are trading higher, up 400 pts, as crude oil falls to $10.07/barrel. The US dollar is...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.