GOOD MORNING, Prices are mixed this morning, with oilshare weaker and wheat prices firmer but closing on trading range lows. Rumors of business have been swirling for wheat, and the market has been well bid for much of the week. Soyoil futures are lower, along with crude oil and palm oil. Meal remains steady / better, and bean prices are lower. More results from the Pro Farmer crop tour roll in, with results from Iowa and Minnesota. The tour found the Iowa corn yield to be 177.8 bpa vs. 182.8 year ago, and 183.6 bpa average. Bean pod counts were 1,146 pods vs. 1,107 pods year ago, and 1,136 pods average. Minnesota corn yield was 196.1 bpa vs. 170.4 bpa year ago, and 180.2 bpa average...
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
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.