Markets were all running for cover last night and today following what was considered a disappointing response to yesterday’s USDA reports. They actually contained a few bullish surprises, and the markets did try to respond by trading higher immediately after their release. However, they didn’t close well. Funds continue to hold big long positions in corn, soybeans, and soymeal. That left some wondering who was left to buy them. U.S. and world weather conditions are perceived by many in the trade to be at least moderating and, in some cases, improving. There are chances for rain across dry parts of Brazil, Russia and the southern Plains. Meanwhile, Australia looks dry as do much of the northern Plains and southern Canada. Lack...
What You Need to Know Today: U.S. and Chinese officials are expected to discuss agriculture and non-tariff trade barriers ahead of Chinese President Xi Jinping’s visit to Washington later this month, potentially opening the door to additional U.S. agricultural purchases or improved marke...
The U.S. will observe Labor Day on Monday, 7 September. U.S. markets and the WPI office will be closed that day. The next edition of Ag Perspectives will be published Tuesday, 8 September...
Key Takeaways: Drought and changes to the multi-year trend in cow slaughter and retention have the potential to dramatically alter beef trim supplies and pricing, and WPI specifically models three different drought scenarios for fall 2026. Based on our models, WPI expects 90 percent lean...
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.