SPREADS Dec crush trades to 88c/bu while oilshare trades at 45.0%. Dec/March corn trades out to 8c from 7c, while Dec 21/22 trades from 23 1/2c carry to 20 3/4c. Dec/March wheat carry trades from 10 1/2c to 11c. Dec wheat/corn trades from 1.86 1/4c to 1.83c. Nov/Jan bean trades out to 9c carry from 8 3/4c, while Nov 21/22 trades from 32 3/4c to 29 1/4c. PALM OIL Nov. closed down 94 ringgits/mt at 4,167 ringgit/mt. Malaysian Palm Oil Board announced it would keep its Oct. export tax steady at 8.0%, with a reference was of 4,472.46 ringgit/mt. NEWS Stocks are down 689 pts with crude oil trading lower to $69.96/barel. The US dollar trades up to 93.45. CALLS Calls are as follows...
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.
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...