Note: There will be no Technical Perspectives reports on Friday, 22 May. GOOD MORNING, Prices continue to drive into trading range territory as the markets ponder all positives and negatives. For wheat, the down-move was set technically after the May WASDE report showed ample global supplies. Narrow that down, and some of those supplies are being reduced as drought crosses Europe and the Black Sea. French and German wheat crops are getting smaller. Russia's SovEcon lowered production last week, and condition ratings continue to deteriorate. The rally off the wheat lows was also likely due to uncovered buyers who decided to get something covered up. The Kansas City wheat tour, which lasts 3 days,...
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.