Brazil has good soybean demand for deferred positions, partially driven by certain issues in the U.S. PNW. However, it is difficult to obtain offers. Some trading houses are bearish basis since the Brazilian crop should reach a record high, but two factors are causing concern. Weather The weather was favorable for most of Argentina’s agricultural areas this past week. Hot, sunny conditions in the nucleus area helped dry saturated soils and encouraged development of the summer crops (sorghum, soybeans, and corn). Moreover, the area south of Buenos Aires, which had been suffering from dryness, received two rain events with precipitation totals of 10-70 mm. The map below shows Argentina’s rainfall over the the past 24 hours. Soybeans Soyb...
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...
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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.