SPREADS May crush trades to 65c/bu while oilshare trades higher to 34.18%. Spreads firm back up with July/Dec corn trading to an 88 1/4c inverse high from 84 3/4c. May/July corn trades to 12 3/4c from 11 3/4c inverse. March/May wheat trades from 4c-4 3/4c carry. March wheat/corn trades from 95c to 98c, while July trades from 98c to 1.00c. March/May beans trades from 2 1/4c to 1 1/4c inverse, while JUly/Nov trades from 1.83c to 1.87c. July/Dec meal inverse trades from $55.20 down to $54.00. PALM OIL April up 63 ringgits at 3,343 NEWS Stocks trend higher as more stimulus is discussed while the US dollar firms to 91.23. Crude oil trades to new highs at $57.68/barrel. CALLS Calls are...
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.
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...