Grain and soy complex markets traded mostly higher during the overnight session, helped along by the macro impact of the OPEC agreement to cut production and sharply higher crude oil prices. Markets held on to at least part of the overnight gains in early day session trading, but prices eventually fell victim to profit taking. General Comments Defying the doubters, OPEC did reach an agreement to reduce its crude oil production by 1.2 million barrels or about 4.5 percent per day. The Saudis will account for about 40 percent of the decrease, and Iran will contribute very little to the cut. OPEC also said that it expects non-members to lower their production by 600,000 barrels per day with Russia indicating it is prepared to reduce its own b...
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.
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...