Wheat: Net sales of 312,100 metric tons for 2019/2020 were down 53 percent from the previous week and 43 percent from the prior 4-week average. Corn: Net sales reductions of 165,900 MT for 2018/2019--a marketing-year low--resulting in increases for Mexico (44,800 MT, including 30,000 MT switched from unknown destinations and decreases of 38,700 MT), Taiwan (8,900 MT), Colombia (7,200 MT, including 7,500 MT switched from unknown destinations and decreases of 1,000 MT), Barbados (2,100 MT, including decreases of 200 MT), and Canada (1,200 MT, including decreases of 500 MT), were more than offset by reductions for China (157,500 MT), unknown destinations (59,500 MT), and Japan (12,400 MT). For 2019/2020, net sales of 4...
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.