Old crop corn continues to be traded in the Argentine market. At the FOB market, exporters are still offering their purchases from the FAS (before the elimination of the licenses) at attractive premiums. As a result, demand is active from Asia and also North Africa. Soybeans January started with strong activity from China. Crushers purchased several spot cargoes for January and February shipment, but nothing was traded for deferred positions. Basis rose gradually during the first weeks of 2016 in response to the strong Chinese demand. The inverse in the market pushed trades trying to arrive in China as early as possible. There were vessel delays in the U.S. Gulf (USG) because of the flooding Mississippi River at the end of 2015, and FOB l...
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.