THE OPEN November beans: 1 higher December meal: .20 higher December soyoil: 1 higher December corn: 1/4 higher September wheat: 3 lower The markets opened with short-covering in corn and beans. Profit-taking in oilshare was noted with beans stabilizing on a series of business flashes this AM. Buy corn/sell wheat trade was also noted, along with buy meal/sell soyoil. At 10:00 export inspections were as follows: Beans: 635,656 mt vs. 557,607 mt week ago (and vs. an expected 535,000 mt) Corn: 1,140,979 mt vs. 726,657 mt week ago (and vs. an expected 925,000 mt) Wheat: 379,949 mt vs. 556,154 mt week ago (and vs. an expected 565,000 mt) Inspections were low end for wh...
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.