GOOD MORNING, The wheat and soyoil markets took center stage this week advancing to new highs for their trading ranges. Chicago wheat continues to be a technical affair, as shorts continue to feel the pinch of higher prices and technical resistance fails to hold. This week's wheat rally can also be tied to the weaker US dollar, courtesy of the big money flows unwinding recent buy the US dollar/sell the British pound, among other currencies. Wheat and beans continue to gain on corn, which has put in rather compact trade after achieving its target high based off bullish formation patterns, and the Dec wheat/corn spread has rallied nearly 32c. While there is plenty of world wheat, the focus of the market...
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.