Export Sales and Shipments for May 24-30, 2024 Wheat: The 2023/2024 crop year for U.S. wheat is winding down: Net sales reductions of 229,000 metric tons (MT) for 2023/2024 primarily for Colombia (21,800 MT, including 19,000 MT switched from unknown destinations and decreases of 300 MT), Ecuador (11,000 MT switched from unknown destinations), Indonesia (1,700 MT), Costa Rica (800 MT), and Belize (700 MT, including decreases of 100 MT), were more than offset by reductions primarily for Mexico (72,200 MT), unknown destinations (64,600 MT), the Philippines (54,400 MT), South Korea (33,100 MT), and Taiwan (25,800 MT). Net sales of 616,900 MT for 2024/2025 primarily for unknown destinations (136,600 MT), Taiwan (123,900...
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.