SPREADS Dec crush trades up to 91.20c/bu while oilshare trades higher to 45.55%. Dec/March trades from 7 1/2c to 8c, while Dec 21/22 trades from 24c inverse to 21 3/4. Dec wheat/corn trades from 1.92c to 1.87 3/4c. Dec /March wheat trades from 10 1/2c to 11c. Dec/March meal trades from 5.40 carry to $5.70. PALM OIL Dec. down 5 ringgits/mt. NEWS Stocks are down 140 pts. with crude oil at $73.66/barrel. The US dollar firms to 93.30. CALLS Calls are as follows: beans: 2-4 lower meal: .20-.60 lower soyoil: 5-10 pts lower corn: 2 1/2-3 1/2 lower wheat: 1-2 lower canola: 2.00-3.00 higher BUSINESS No announcements this AM TECHNICALS November Beans: Price...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
WPI recently completed an expansion of our methodology for estimating and forecasting U.S. and global soybean crushing margins. The new approach incorporates the energy market’s expanding influence on the oilseed sector and the structural changes in global biofuel demand. This report is i...
Key Market Insights Macros: Inflation isn’t cooling — it’s moving higher again. March PCE inflation (Personal Consumption Expenditures index — the Fed’s preferred measure of inflation) rose 0.7 percent month-over-month, pushing the annual rate to 3.5 percent, the h...
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.