Soybeans Brazil The South American soybean market was very active again last week. Despite rising CBOT futures and basis levels, demand from China remained strong. Their need to procure soybeans to cover positions forced Chinese buyers into the market for nearly all shipment months. They were especially active from March to July as they were largely uncovered for these months before last week. Almost all the movement was in Brazil, the only relevant supplier in the first half of the year. At the beginning of last week, April and May shipments traded at +172-173K CNF and +175K CNF, respectively. By week’s end, however, the market had increased 10 cents/bushel after following CBOT futures higher before their drop on Friday afternoon...
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.