GOOD MORNING, Commodities and equities are rallying today, with across -the-board buying activity in both. Strong outside markets are fueling a further short-covering rally in the soy complex and grains. Prices continue firm, well supported with higher oilshare a major feature on the board. This morning, soyoil futures continue to rebound on the back of a sharply higher palm oil market, even as meal prices are pressed back to test contract lows. Beans push into key resistance as grains congest, gaining on corn. Wheat also gains on corn. In China, the spread of the virus has led to strong localized demand of grain, livestock, and feed productions with cash corn and meal prices rising amid cha...
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.