Soybean and soymeal prices had been buoyed recently by the Argentine strike situation that had shut down crush plants and snarled export loadings. Today's yet unconfirmed report of a settlement with crushing plant workers also had an impact. General Comments USDA's weekly export sales report is delayed until tomorrow (Friday) due to the holiday this past Monday.The overnight session was relatively active with prices trading both sides of Wednesday's close but without establishing much in the way of direction. Corn and soybeans posted small gains, while wheat prices rebounded to some extent from the losses of the past three days. The rallying U.S. dollar paused today with little change in the U.S. Dollar Index even though the Greek debt pr...
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.