World Perspectives
livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly Cattle on Feed report will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.2 percent of last year with the range of estimates between 99.4 percent and 100.3 percent of 1 February 2024.    Marketings are estimated to be 98.2 percent of last year, coming in at a range of 97.7 percent to 98.7 percent. Placements, the most difficult category to estimate, are expected to be between a wide range of 98.9 percent of last year and 92.6 percent, for an average of 95.9 percent.  The combination of relatively larger marketings and no change in placements would pull down the number of cattle on feed on 1 February to below the prior February. Sooner or...

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WPI Grain Transportation Report

Dry-bulk markets were higher last week amid improved freight inquiries, tightening tonnage lists, and traders hoping for increased grain business in late November and early December. Despite hopes to the contrary, there has been essentially no confirmation of any U.S. grain export business to C...

feed-grains soy-oilseeds wheat

Market Commentary: Corn and Beans Bravely Higher Ahead of the WASDE

The U.S. government reopened today and the data fog partially lifted in Washington. However, many economic reports will first require time to repopulate their databases. USDA made the decision to publish the November WASDE tomorrow ahead of the agreement to reopen the government and traders spe...

soy-oilseeds

Pre-WASDE Cash Market Soybean Signals

Writing about what the markets say will happen the day before a major USDA report is always a risky - but still useful - endeavor. This year, the recent U.S. government shutdown and U.S.-China trade war/trade deal intensify these dynamics of risk and worthiness. The shutdown, of course, by remo...

WPI Grain Transportation Report

Dry-bulk markets were higher last week amid improved freight inquiries, tightening tonnage lists, and traders hoping for increased grain business in late November and early December. Despite hopes to the contrary, there has been essentially no confirmation of any U.S. grain export business to C...

feed-grains soy-oilseeds wheat

Market Commentary: Corn and Beans Bravely Higher Ahead of the WASDE

The U.S. government reopened today and the data fog partially lifted in Washington. However, many economic reports will first require time to repopulate their databases. USDA made the decision to publish the November WASDE tomorrow ahead of the agreement to reopen the government and traders spe...

soy-oilseeds

Pre-WASDE Cash Market Soybean Signals

Writing about what the markets say will happen the day before a major USDA report is always a risky - but still useful - endeavor. This year, the recent U.S. government shutdown and U.S.-China trade war/trade deal intensify these dynamics of risk and worthiness. The shutdown, of course, by remo...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.415/bushel, up $0.0625 from yesterday's close.  Dec 25 Wheat closed at $5.3575/bushel, down $0.0025 from yesterday's close.  Jan 26 Soybeans closed at $11.47/bushel, up $0.1325 from yesterday's close.  Dec 25 Soymeal closed at $328.4/short ton, up $7.4 fr...

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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.

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