The last 15-20 percent of Brazil's soybean harvest is being hurt by too much rain and will result in quality and yield loss. More importantly, the frequent rains are slowing movement of soybeans by truck to processors or ports.It has been another wild and wooly week in the markets with some significant price milestones hit. May corn futures traded back above $5.00 with December futures only 5 cents behind. May soybeans continued their unabated push higher and traded above $14.50. November soybean futures got within 3 cents of $12. KC and Minneapolis wheat futures pushed back above $7.00 with Chicago above $6.50. The bears have been in retreat. The funds have returned as buyers, not sellers. Interior basis levels have collapsed on increased...
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.