While today’s Stats Canada stock numbers did not contain any signficant surprises, two crops showed an interesting change from last year. Meanwhile, this week's U.S. hard red winter wheat crop quality tour exceeded expectations.Stats Canada released its 31March stocks estimates this morning, which are detailed in the table below:There weren’t any significant surprises in today’s numbers. WPI has pointed out on several occasions that Canada’s wheat stocks will be the lowest at the end of the marketing year (30 June) than in more than a decade. They could fall to 3 MMT (excluding durum), half of last year’s number and about 50 percent of the 10-year average. The other factor in tight stocks is the poor quality of those that remain. 2016 plant...
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.