Soybeans Brazil After a few quiet weeks, demand from China moved again. Much improved gross crushing margins there (above $25/MT) prompted crushers to buy all the soybeans available in Brazil for August, September and October. The market was turning heavy before this development but then reacted suddenly. Around 10 cargoes were traded last Wednesday, and basis jumped 15 cents by the following day. The Paranagua paper market had a similar reaction as several sellers decided to hedge there. 15 July and August traded at +240X and 248X CNF China, respectively. By Thursday, the market traded at 260X for August with basis continuing to rise. Then on Friday, one FOB cargo traded September at +205X, giving a CNF equivalent of 300X for October sh...
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.