GOOD MORNING, Prices are higher this morning led by beans and soyoil. Soyoil follows higher palm and firmer energies. China has been buying beans this week on the dip, and reported to have purchased more in other to meet its $40 bln purchase goal as dictated by phase 1. Agricensus reports that in addition to vessels purchased at the start of the week, a Chinese crusher purchased three more cargoes Wed out of the US Gulf, bringing the total between 8 -11 cargoes. Brazil's export pace seasonally slows in May, which will allow for a further price improvement as well, particularly if weather is not 100% cooperative. Meal stocks in China fell for the sixth consecutive week despite crushers back on line, to a new...
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.