GOOD MORNING, Prices begin mixed today with corn lower as ratings unexpectedly improved in yesterday’s crop progress report. Reports of bean biz from China and ongoing trade negotiations in October hold a bean break in place. Traders continue to watch for further signs of ongoing China/US bean business. Bloomberg cited sources reporting that China has granted new waivers exempting state and private firms from retaliatory tariffs on US beans. The article noted that an estimated 1.2 mmt of beans have been purchased so far. Trade chatter has it that Chinese bean purchases of 10 to 34 cargoes have been purchased over the weekend off the PNW. US beans at the Gulf are at an estimated $25/mt discount to Brazil...
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.