Equity traders have an adage about the tendency for stocks to enter a lull during the summer. “Sell in May and go away” has been a staple for years but would have certainly been poor advice for the grain markets this year. Since the beginning of the month, July corn futures have rallied 67.75 cents, July soybeans are up 37.25 cents, and July SRW wheat has gained 78.5 cents. The rallies have been driven by (of course) the delayed planting across the Midwest and fund short covering. Commercial selling has been active at new market highs and has capped some rallies. The question now becomes whether commodity traders should “Buy in June and sing a tune” (hey, it’s not easy making up adages on the fly). The fundame...
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.