January soybean futures soared to gains of 18-19 cents last night before collapsing and trading lower at 9:30 A.M. this morning. However, that weakness was short-lived. Meanwhile, wheat futures continue to be a tale of completely different markets. General Comments The pattern of weakness in corn and wheat markets contrasted with strength across the soy complex is now all too familiar, and it was somewhat similar today at the start of the last week in November. The soy complex set new highs again for this move as did Minneapolis wheat, but Chicago wheat and corn futures faltered. There was no fresh news across the agricultural markets. The soybean bears say weather in Brazil and Argentina is perfect, but the market action seems to be indi...
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.