The CBOT settled higher ahead of the December WASDE with soybeans emerging as the early upside leader. Wheat futures posted strong gains for the day as well, with technical buying supporting afternoon trade. Corn futures were higher, but mostly due to spread dynamics and general support from soybeans and wheat. Market rumors suggest that China is actively buying a myriad of U.S. ag and food products, from meat to baby formula, etc., to meet its Phase One purchase commitments (or at least get closer to meeting them). China was rumored to have also booked corn from the PNW for May shipment and Hong Kong wheat millers are asking for February/March wheat offers. So far, no rumors have been confirmed but smaller sales may show up in tomorrow&rs...
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.