The Goldman roll has dominated this week’s trading action and pressured May futures in grains. Friday concluded the roll and bull spreading emerged that carried corn and wheat futures sharply higher and helped soybean firm from earlier weakness. Additional saber rattling from Russia about the Black Sea export deal and weather issues support the wheat market’s rally while fresh export sales of corn to China buoyed the feed grain market. The soy complex was on the defensive for most of the day due to weaker product values but late-day strength emerged that helped old crop soybean futures pare their losses. Fresh news was light and the markets seemed to view the end of the fund roll as an opportunity to get back to trading fu...
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.