Overnight markets were mixed to just slightly higher. Weather beyond this weekend across the country looks warmer and dry, and that is exactly what the crops need. General Comments Overnight markets were mixed to just slightly higher, but wheat still can’t find a buyer. That pattern carried through at this morning’s opening. Soybeans traded both sides, corn was slightly lower early and wheat was down 6-7 cents. USDA did announce fresh corn (116,000 MT) and soybean (131,000 MT) export sales this morning to unknown destinations. There was some scattered frost across northern and far western North Dakota overnight, and there is a frost/freeze advisory for the same region tonight. Weather beyond this weekend across the country looks warmer an...
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.