The trade was looking for a slight increase in the corn export forecast and that's what it got, while there might have been some disappointment that the corn production forecasts for Brazil and Argentina were not reduced.The March USDA WASDE typically doesn't change much, and that's exactly what happened today. The table below shows today's numbers compared to the February report and the average trade guess:Corn: The trade was looking for a slight increase in the corn export forecast and that's what it got. USDA elevated corn exports by 25 million bushels and made absolutely no other changes to the U.S. corn numbers. There might have been some disappointment that the corn production forecasts for Brazil and Argentina were not reduced in tod...
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.