SPREADS July crush trades to 83.30c/bu while oilshare is at 43.25%. July /Nov beans find support at 1.77c with a rally back to 1.83c. May/July bean inverse trends higher to 38 3/4c from 37 1/2c. July /Dec meal corn inverse has a current high at 1.24c, but the 1.15c level looks more like a level of support for a spread that could work higher. July wheat/corn trades from 45c down to 29 1/4c. PALM OIL July down 19 ringgits ending at 4,042 ringgit/mt. Indonesia Palm Oil Research forecast 2021 production at 55.69 mmt, up 7.1% over year ago. Better weather conditions would help production this season, according to the research dept. NEWS Stocks are down 100 pts with crude oil values rising to $65.84/...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.