GOOD MORNING, Prices are posting new contract highs for beans and soyoil today with grains tagging along. Beans continue in ration mode with ongoing rumors of Chinese biz, plus soyoil is higher on the back of stronger crude oil and palm. Oilshare has regained its higher course as tenders remain active, (Egypt is in for 30 kmt of soyoil), and world veg oil balance sheets are tightening. Grains continue in congestive mode, though corn is fairly close to its previous high amid rumors about Chinese business filtering through the trade but without USDA confirmation. Tighter domestic and global balance sheets with production concerns in SA forces higher prices aimed at slowing demand, particularly for beans. Argenti...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.