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: 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.