THE OPEN November beans: 1 higher December meal; 2.30 higher December soyoil: 32 lower December corn: 3/4 higher September wheat: 6 3/4 lower The markets opened as expected with the grains generally weaker vs. higher beans and meal. Good weather was the main feature weighing on corn and beans. Wheat futures became the sell-leg of inter-market spreads. Oilshare was lower as traders bought meal/sold soyoil. At 10:00 export inspections were released as follows: beans: 472,680 mt vs. 454,19 mt week ago corn: 797,487 mt vs. 1,175,910 mt week ago wheat: 544,010 mt vs. 512,305 mt week ago Export inspections for both corn and beans came in lower than trade expectations, ad...
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.