Markets started the Sunday night session just fractionally higher, but wheat led them throughout the night with gains of 2-3 cents. It wasn’t the price that mattered for wheat, however. Meanwhile, the day session was choppy until around noon. General Comments Markets started the Sunday night session just fractionally higher, but wheat led them throughout the night with gains of 2-3 cents. It wasn’t the price that mattered for wheat; rather, it was the fact that it hasn’t led any markets in any direction except lower for a very long time. The soy complex took over that position today with corn decidedly in no man’s land. It was a choppy session until around noon when soybean futures again turned higher and the March soybean contract pushed...
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.