Soybeans finished the night session strong with 8-9 cent gains, while wheat was mixed and corn a penny higher. Volume of trade was very big. Markets opened today with a much weaker tone in wheat with corn and soybeans mixed. The lack of follow-through from yesterday and the night session was attributed to fears about a potential trade war developing between China and the U.S. over the proposed import tariffs on steel and aluminum. Those fears had U.S. equity markets collapsing again today, and that spilled over into the agricultural commodities as well. USDA made export sales announcements for the tenth consecutive day, including 198,000 MT of soybeans to China, 121,000 M of soybeans to unknown and 20,000 MT of soyoil to unknown. U.S. equ...
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.