The Brazilian soybean market has been reactivated for new crop. Fueled by the drop in CBOT soybean prices, buyers have been showing significant interest, and Brazil’s paper market increased sharply this week as Chinese crushers are entering the market. Soybeans The good news is that the truck strike by one of Argentina’s most powerful unions ended 22 July. However, no further movements have been noted as of yet. The continued drop in CBOT soybean futures further reduced farmer selling, turning FOB replacement close to 170 SQ for spot position. Argentina’s soybean market has remained quiet with no offers of old crop soybeans this week. Likewise, trading activity for new crop remains muted as there have been almost no offers, although some...
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.