Corn and soybeans plunged today on news from USTR Lighthizer that the U.S. and China made little progress on trade talks. The market had previously been encouraged by rumors of ag and energy purchases, including crude oil and DDGS, that theoretically signaled China’s increasing willingness to buy U.S. products. With the next trade delegation meeting not occurring until 30 January, the markets sold off quickly in response to the USTR’s comments. Soybeans are facing an increasingly bearish satiation while corn has some bullish fundamentals but was unable to escape pressure created from the soybean selling. Wall Street is slightly higher with the S&P 500 and Dow Jones 30 indexes in the green for the day. Investor...
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.