SPREADS Dec crush trades to 93.70c/bu while oilshare trades to 45.51%. Spreads are firmer with Dec/March corn trading from 7 1/2c to 7 3/4c, while Dec 21/22 inverse trades from 21 3/4c to 20 3/4c. Dec/March wheat carry is slightly wider trading from 11c to 11 1/4c. Dec wheat/corn trades from 2.02 1/2c to 1.99c. Nov/Jan bean carry trades from 9 1/2c to 9 3/4c, while NOv 21/22 trades from 32c inverse to 28 1/2c. Dec/March meal trades from $5.00 to $5.20 carry. PALM OIL Dec. down 46 ringgits to 4,395 ringgit/mt. James Fry, a veteran analyst and chairman of LMC International, said that global vegoil prices may ease in the next 6-12 months as production recovers. NEWS Stocks were up 150 pts but this am ar...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt Grain Situation Recap: Wheat stocks in Egypt are at good levels, with only limited import interest. However, there is some concern over the supply of wheat from the Black Sea later in the year due to current weather problem...
Beef packer margins deteriorated to -$218/head last week, down $20 from the prior week as a softer Choice cutout combined with slightly lower fed cattle prices. The cutout slipped to $391/cwt while fed cattle prices eased to $256/cwt, leaving packer profits under pressure. Margins remain deeply...
What You Need to Know Today: The U.S. and Iran agreed to a peace deal on Monday with the deal expected to be signed Friday in Switzerland. The memorandum signed is explicit that Iran will allow 60 days of toll-free transit for all traffic through the Strait of Hormuz, and President Trump annou...
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.