GOOD MORNING, Prices are firmer across the board this morning with beans in the lead scoring new contract highs again this morning. Strong demand for beans continues as yesterday's export inspections means that 19.4 mmt of US beans have been cleared for export since the start of Sep., or almost a third of the total that is expected to be exported for the whole marketing year. Corn prices are also firmer as traders await the outcome of the November WASDE, typically a report that does not offer much fanfare, but could make a difference for this time. The stock market is higher again, as news of a possible vaccine is still digested. Ideas that 2021 could bring about a return to normalcy also is price supportive...
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.