The northern Plains drought is worsening, and the spring wheat market has reflected part of the severity and lost production. There is one element, though, that will provide some financial relief to those spring wheat, durum and barley growers affected.The northern Plains drought is worsening with an extended period of very hot temperatures and little or no rain, which has most affected the western half of the Dakotas and eastern Montana. The spring wheat market has reflected part of its severity and lost production. USDA and others are carrying the hard red spring wheat crop at around 400 million bushels (10.9 MMT), but WPI believes final production will be closer to 350 million bushels (9.5 MMT). The difference will be how many acres are...
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.