Corn futures prices traded in less than a 5-cent range before closing fractionally lower. Funds and other noncommercials holding long positions in May corn concentrated on rolling them forward before the first delivery intentions day next Thursday. General Comments Describing dull markets is never very exciting, and grain and soy markets have been quite dull this week. There has been nothing, not even the outbreak of avian flu, to stimulate much buying interest. Generally, prices have moved slowly lower in much the same way as sandpaper grinds down wood, and watching them has been about just as exciting. For the last 11 trading sessions, corn prices have been stuck in a 9-cent trading range. May corn has moved between $3.71-3.80 with dail...
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.