The current market situation begs the question: How will farmers generate cash while they wait in hope for a price rally?Prices are low (depending on your viewpoint). Farmers have finished harvesting big corn and soybean crops in near record fashion. The November USDA WASDE offered little hope of any significant price rally unless weather in Brazil and Argentina doesn’t cooperate and yields there are threatened. The world’s northern hemisphere winter wheat crops are in the ground and/or near dormancy. There remain some concerns about dry conditions and poor emergence in parts of the Black Sea region, the southern U.S. Plains and across the Pacific Northwest, but those concerns will now be on the sidelines until next March/April when these c...
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.