Today's hedge selling in soybean futures appeared to result from a reported pick up in U.S. country movement and also from Brazil as an indication of some producer selling there as well. General Comment We suppose today qualifies as a "Turnaround Tuesday" with green numbered closes predominant on the screen this afternoon. The exceptions were the nearby (January-May) soybean contracts, all soyoil contracts and December soymeal which closed down $0.90. However, overall trading volume was light, and we cannot say that today's higher closes were achieved with much vigor. There was some short covering in wheat and corn where non-commercials hold huge net short positions, while hedge selling probably held the old crop soybean contracts to smal...
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.