SPREADS Board crush trends weaker while oilshare values are mostly steady. Dec crush is trading at 1.03c/bu while oilshare trades at 46.20%. Sep/Dec corn fell to new lows at a 16c carry with cash markets under pressure as many buyers attempt to transition to "new crop" bids. Dec/March corn trades out to 9 1/4c. Dec/March wheat trades from 10 1/2c to 11 3/4c. There is more bull-spreading for Nov 21/Nov 22 which traded from a 38c inverse down to 30 3/4c. Nov/Jan bean spread trades from 9c to 9 1/4c. Dec/March meal trades from $5.30 to $5.70. PALM OIL Nov. up 61 ringgits at 4,392 ringgit/mt. Palm oil is trading at a deep discount to soyoil futures for the mo...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Key Takeaways: The agricultural trade surplus has become a sizable deficit: the balance swung from a $40.1 billion surplus in 2011 to a $40.7 billion deficit in 2025. Imports kept growing while exports lost momentum: between 2020 and 2025, agricultural imports increased 45 percent, compa...
USDA released its October Cattle on Feed report Friday, showing 11.4 million cattle in feedlots with capacity for 1,000 head or more, slightly below last year. September placements were the lowest for the month since records began in 1996, marking the third consecutive month of placements sett...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
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.