Argentina and Brazil, the two main competitors to the U.S. in the soybean sector, have seen their currencies fall in value to the U.S. dollar. If that trend continues, both countries could decide not to scale back 2015 plantings, further impacting prices as well as U.S. farmers. Sharp Decline in U.S. Soybean and Soymeal Export Sales Last week saw the continuation of the expected seasonal decline in U.S. soybean and soymeal export sales. Net soybean export sales for shipment in 2014/15 totaled only 167,900 MT, 70 percent below the past four-week average. Sales primarily to China (156,800 MT), the Netherlands (105,100 MT), Bangladesh (54,300 MT), Mexico (53,000 MT), South Korea (25,400 MT) and Vietnam (9,200 MT) were partially offset by dec...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.