While corn prices drifted lower amid fears that trade with Mexico might be disrupted by tariffs on Mexican imports to pay for the border wall President Trump has promised to build, wheat was helped by last week's export sales numbers. General Comments The overnight session saw grain and soy futures prices drift slightly lower, but enthusiasm for trading in either direction was lacking. Volume was low. The Lunar New Year begins tomorrow with China and much of Southeast Asia on holiday all of next week. As its last gasp beforehand, Malaysian palm oil futures dropped 34 ringgits. Dalian corn closed a bit higher with reports circulating that the Chinese government was studying ways to provide financial support for farmers hurt by low corn pri...
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
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.