SPREADS March crush trades down to 98c/bu while oilshare is still firm at 34.53%. The January roll continues with Jan/March beans trading out to 14 1/2c from 13 3/4c, and March/May from 13 1/4c to 13 3/4c. March/May corn weakens out to 6c from 5 3/4c, while Dec/March trades out to 13 3/4c before closing at 11 3/4c. March wheat/corn trades from 1.51c down to 1.43 1/2c. March/May meal trades from $3.20 out to $3.70. PALM OIL Feb. down 21 ringgits and cash off $10/mt to $712.50/mt. Prices are lower in early trading and could cool off even more after running ahead of fundamentals, CGS-CIMB stated. NEWS Stocks are 27 pts lower as the trade awaits the Fed decision about intere...
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
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.