THE OPEN July beans: 1 1/2 lower July meal: 1.40 lower July soyoil: 30 lower July corn: 2 1/2 lower July wheat: 5 higher Prices opened on a cautious note with funds back to selling markets across the board. Weakness in soy and corn spilled over into morning wheat strength, which eventually worked both sides of even as well. Macros were weaker with the Dow off over 300 pts in early trade. Wheat prices held up at the start of the day, supported by freezing weekend temperatures and business to China. At 10:00 export inspections were released as follows: corn: 1,029,886 mt vs. 1,279,364 mt beans: 442,024 mt vs. 300,915 mt week ago wheat: 608,709 mt vs. 350,...
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.