SPREADS Jan crush trades to 1.07c/bu while oilshare trades to 32.87%. Dec/March corn trades to 4 1/2c from 6c, while Dec/Dec trades from a 14c inverse up to 17 1/4c. March corn open interest now stands at 834,775 vs. Dec at 240,433 contracts. Jan meal open interest is 74,649 contracts vs. Jan at 127,433. March bean open interest stands at 235,291 vs. Jan at 335,836. Jan/March beans trades from 2c inverse to 3/4c. Dec/March meal trades from $4.50 up to $5.50. Dec wheat/corn trades from 1.66 1/2c to 1.67 1/2c. PALM OIL Palm oil prices are a bit lower due to poorer export numbers that were released. Malaysia's palm oil exports through Nov 1 -20 period are estimated to be do...
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
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.