Argentine farmer selling of soybeans is under 50 percent for the present campaign. It is doubtful that any additional beans will be sold to China from September onward as prices need to decline too much in order to be competitive against U.S. origin. Some Demand for Old Crop Soybeans before the New Crop Although the old crop market was done, some cargoes were traded in the past week to China. Two were traded out of Brazil at +392 SU CNF North China, while another was traded FOB at +285 SU from Rio Grande. There was also some volume for similar positions out of the U.S. Gulf at a $0.15-0.18/bushel discount, while one cargo was traded from Argentina/Uruguay at +330 SX CNF. Nevertheless, demand is almost covered in China for Brazilian or Arg...
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.