GOOD MORNING, Prices are lower this morning after President Trump said he would halt special status for China's handling of Hong Kong. Reportedly, China's communist gov. has asked state run firms to halt their purchases of US beans and pork, and could expand the list of goods if the Trump administration takes further action. The response from the market was to be lower across the board. China did buy at least 10 cargoes of soybeans out of South America last week even though US prices were cheaper. OPEC is trying to convince Russia to make further cuts to oil production, which could have been a stabilizing factor for overnight trade. However, around the 7:00 AM hour futures started to sell-off further in...
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.