GOOD MORNING, Prices are mixed to higher this AM, with rainfall this week having a slightly dampening effect. Beans are higher as more business is rumored to take place, while soyoil futures posts strength following palm oil. The market is weighing where yields and production are given the flash drought in the western Corn Belt, as well as the derecho event. China continues to be an active buyer of both corn and beans. For so many years, China buying corn from the US was a drought in and of itself, and given the record crop potential before August traders sloughed off Chinese purchases. The lower production and yield ideas are now creating support each time China purchases more corn. Dry weather 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.