SPREADS Dec. crush trades to 1.26c/bu while oilshare trades below 31.0% to new lows of 30.40%. Crush continues to be very strong, supporting meal prices as they head higher. Wheat spreads continue strong as well, with Dec/July inverting to 25 1/2c from what was a 16 carry in August. Dec/March wheat inverts to 5 1/4c from 3c. Corn spreads are also firmer though Dec/March trades at 4 1/4c to 4 3/4c carry. Dec/Dec inverts to 8 1/2c from 4 3/4c. Dec/March meal trades to $15.30 from $13.20 inverse. Nov/Jan beans trades around even, with Jan/March at an 11c to 12 1/2c inverse. Dec wheat /corn trades from 2.24 3/4c to 2.30 1/2c. PALM OIL Dec. down 98 ringgits. Palm oil fell...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.