THE OPEN Nov beans: 4 1/4 higher Dec meal: 1.50 higher Dec soyoil: 7 higher Dec corn: 5 1/4 higher Dec wheat: 5 higher The markets opened higher as called and despite lower corn crop ratings and business announcements, there was not a lot of panic buying and prices setback to congest in recent ranges. Illinois ratings were the most dramatic drop for boughth corn and beans as crops try to make it to the finish line. The lack of a clear frost continues to be the major catalyst for the dead-cat bounce currently underway, but today the early firmness that was a rally picked up steam into the noon hour and accelerated into the close of day. Later in the session, analysts...
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.