SPREADS Jan. crush trades 1.24c/bu while oilshare mounts a rally back over 31.0% to close at 31.10%. Spreads are higher today, with Dec/Dec corn inverse returning to a high of 12 3/4c from 9 1/2c, while the actively traded Dec/March trades into 3 1/2c from 4 1/2c. Nov/Jan beans trades from 1 3/4c to 3c carry, while Jan/March inverse is a steady 6 3/4c to 7 3/4c, closing at the highs. Dec/March meal trades from $17.30 inverse to $15.50. Dec wheat/corn trades from 2.15c down to 2.10 3/4c. PALM OIL Jan up 94 ringgits higher, finishing at 3,069 ringgit/mt. NEWS Stocks continue to recover losses from a week ago, up 370 pts in the early going. Crude oil trades up to $38.30/barrel, while t...
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.