SPREADS July crush trades down to 91.78c/bu while oilshare falls to 30.69%. Spreads are weaker with July/Dec trading out to 17c from 14 1/2c, and values that were at 15c yesterday. May/July corn trades out to 8 1/4c. July/Nov beans trades from 10c to 12 3/4c, while July/Dec meal trades from $5.10 to $6.30. July wheat/corn trades from 2.20 1/2c up to 2.30 1/2c. PALM OIL Down 166 ringgits, in a free-fall trading to a 9-month low, down 7%, following the plunge in crude oil prices. Weaker crude oil futures make palm a less attractive option for biodiesel. Rising supplies in Malaysia and Indonesia continues as palm could miss out on demand due to lock-downs with the holy month of Ramadan on the...
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.