THE OPEN Jan beans: 2 lower Dec meal: .80 higher Dec soyoil: 20 lower Dec corn: 1/4 lower Dec wheat: 1 higher The markets opened as expected with profit-taking in beans and soyoil futures to start the day. Funds were net sellers of corn, triggering small stops in wheat. Buy wheat/sell corn and bean trade, and buy grains/sell soy became the feature spreads of the day. Price action was again choppy with little follow-through on either side of current trading ranges. A news report that there was a scheduled phone call between US Trade Rep. Robert Lighthizer, Treas. Sec. Steve Mnuchin, and Chinese representatives in a further attempt to hammer out a phase one agreement got...
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.