It was a quiet, low volume overnight session, and perhaps the most telling feature of today was the very narrow daily trading ranges across the board. Outside markets provided little or no inspiration for grains or the soy complex either. General Comments It was a quiet, low volume overnight session in which the soy complex tried to recover some portion of yesterday’s losses while both corn and wheat futures languished around or slightly below Tuesday’s closes. Dalian soybeans, meal and corn contracts finished lower again, but Malaysian palm oil closed up 31 ringgits, clawing back some of its two days of losses. Reports have India seeking palm oil in the wake of this week’s price drop for shipment early in 2017.Trading activity continued...
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.