Wheat: Net sales of 283,200 metric tons for 2019/2020 were down 1 percent from the previous week and 40 percent from the prior 4-week average. Corn: Net sales of 494,000 MT for 2019/2020, primarily for Mexico (196,800 MT, including decreases of 11,700 MT), Japan (92,900 MT, including 4,500 MT switched from unknown destinations and decreases of 3,600 MT), unknown destinations (85,300 MT), Colombia (47,300 MT), and Thailand (39,400 MT), were partially offset by reductions for Nicaragua (1,000 MT). Exports of 278,900 MT were primarily to Mexico (169,700 MT), Taiwan (27,200 MT), Japan (25,900 MT), Guatemala (22,600 MT), and the Dominican Republic (14,900 MT). Soybeans: Net sales of 1,038,000 MT...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.