SPREADS Jan crush trades to 1.22c/bu while oilshare trades to 31.47%. Spreads are mixed with Dec/Dec corn inverting to 19 3/4c from 15 1/2c. Dec/March is weaker trading out to 8 1 /4c carry from 7 1/2c as Dec. contracts are rolled forward. Dec /March wheat trades from 7 1/4c to 8c carry. Dec wheat/corn trades from 1.86c down to 1.83 3/4c. Jan/March inverse is congesting from 1 1/4c to 3 1/4c. PALM OIL Closed up 1.24% to 3,346 ringgit, the highest price traded since May 2012. NEWS Stocks are up 148 pts with a high of 29,570. Crude trades up to $43.06/barrel, and the US dollar at 93.14. CALLS Calls are as follows: beans: 6-8 higher meal: 3.00-3.50 higher soyoil:...
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.