Extended forecasts released yesterday continue to point toward cooler than normal temperatures for most of the Corn Belt. This means the soy complex could be under more pressure with no threat in sight during the month of August.The weather bulls are starting to run out of time for a summer weather rally, and the market is taking a beating because of it. Crop condition ratings for U.S. spring wheat, corn and soybeans continue to hover at better than 70 percent good to excellent, the highest ratings in nearly 20 years. Many expect those ratings to inch a little higher in Monday's updates. Extended forecasts released yesterday continue to point toward cooler than normal temperatures for most of the Corn Belt. This means the soy complex could...
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.