Wheat: Net sales of 300,500 metric tons (MT) for 2020/2021 were down 50 percent from the previous week and 46 percent from the prior 4-week average. Corn: Net sales of 978,300 MT for 2020/2021 were down 63 percent from the previous week and 47 percent from the prior 4-week average. Soybeans: Net sales of 1,468,500 MT--a marketing-year low--for 2020/2021 were down 4 percent from the previous week and 26 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 145,300 MT for 2020/2021, resulting in increases primarily for Indonesia (55,500 MT, including 50,000 MT switched from unknown destinations and decreases of 100 MT), Bangladesh (45,000 MT), Canada (15,300 MT, including decreases o...
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.