Wheat The rains that fell across Argentina last week covered a good part of the wheat-growing area, but the accumulated water was very little so soil moistures and the crop conditions continue to worsen. Only 14 percent of the wheat crop was rated good/excellent at the end of last week, down from 50 percent this time last year and 31 percent for the three-year average. The Rosario Grain Exchange is now discussing a crop that could be as small as 16.5 MMT, the lowest officially reported estimate so far, but one in-line with private analysts’ and traders’ thinking. There has been irreversible crop damage done in parts of Argentina, particularly the north, but current forecasts offer good rains for the first week of October. If th...
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.