Soybeans once again led the CBOT higher after President Trump tweeted that meetings between he and President Xi were progressing nicely. That led to optimism for a trade war resolution, which of course sparked short covering. While an agreement is a long way off, the market really has little choice but to rally when news like this comes along. The soybean buying spilled over into corn and wheat and the CBOT was mostly green all day. USDA’s Export Sales report was largely neutral today’s markets with each commodity falling short in some areas and having bright spots in others. Corn sales and exports fell below their needed value this week, but YTD exports are up 76 percent from last year, which keeps a bullish demand...
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.