The soy complex was again under fairly heavy selling pressure to start this week. Meanwhile, corn had a narrow trading range today. Funds have liquidated their entire long corn position since the Fourth of July and are now short about 13,000 contracts. General Comments The soy complex was again under fairly heavy selling pressure to start this week. Funds were reported as still long 126,000 contracts of soybeans and 53,000 contracts of soymeal but short soyoil. They are also now small shorts in the corn market and short wheat. There were no important changes in the weekend weather forecasts that showed no significant heat and some chances for rain. Wheat and corn once more didn’t provide much today. Wheat again tried to lead to the upside...
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.