Corn traded mostly steady today with light volume. PNW corn export basis was up 15 cents overnight with most of that likely the result of logistics issues. Wheat was lower overnight and traded 4-6 cents lower today before ... General Comments Markets didn’t do much overnight after what was a very volatile week. The spat among the renewable fuels groups Tuesday, which sent soybeans to 30+ cent gains, faded away and left some scattered ashes around Washington, DC. There were no daily export sales announcements this week, and that created a bearish undertow to the market. The president’s Tuesday evening speech received rave reviews and sounded very “presidential.” U.S. equity markets soared to new record-highs the following day, although the...
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.