About two hours after the day session opened, Chicago May wheat traded through its 20-day moving average at $5.05, and a volume of fund buy stop orders was immediately triggered. Wheat jumped higher, which led to some short covering in other markets. General Comments March contracts expire tomorrow (13 March), but they are mostly liquidated already. Open interest in them was very low as trade began today. It included 51 contracts of Chicago March wheat, 179 contracts of KC wheat, 1,429 contracts of corn, 848 contracts of soybeans, 306 meal contracts and 373 soyoil contracts.The soybean market is nervous about the anti-government political rallies in Brazil on Sunday and the possibility of some kind of fallout that might disrupt the soybea...
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.