SPREADS Dec crush falls to 70c/bu, new ctr lows, on slower meal demand. Oilshare firms to 33.24% after dropping to 32.55% last week. Dec/March corn trades from 10 3/4c to 11 3/4c, with Dec 19/Dec 20 trading into 13 1/2c from 17 1/4c. Nov/Jan beans trades to 13 3/4c to 14 1/4c as November rolls continue. Meal spreads continue weak with Dec/March trading out to 6.70 from $6.50. PALM OIL Dec palm oil closed 7 ringgits highs. Indonesia Palm Oil Association estimated August exports at 2.89 mmt of palm and biodiesel, compared to 2.92 mmt in July, and 3.30 mmt yr ago. Order flow continues weak with import parities for China and Indonesia $10-$20 in the red, but analysts see more bullish opti...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.