SPREADS Crush firms to 99.91c/bu, while oilshare trades to 31.0%. Spreads are generally firmer with July/Dec corn narrowing into 13 3/4c from 15c. Jly/Dec wheat firms into 13 1/2c from 14 1/4c. July/Nov beans trades from 7 1/2c to 9c. July wheat /corn trades from 2.01 1/2c to 1.97 1/2. July/Dec meal trades into $1.70 from $2.40. PALM OIL July closed up 34 ringgits, ending higher on bargain-hunting. For the week palm was down 3.3% on worries about rising stockpiles and lower exports due to lock-downs. NEWS Stocks are higher today, up 690 pts, with crude trading to new lows at $17.53/barrel. The US dollar remains weaker trading to 99.69. CALLS Calls today are as fo...
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
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.