THE OPEN July beans: 5 higher July meal: .50 lower July soyoil: 35 higher July corn: 2 3/4 higher July wheat: 6 1/4 lower Prices opened as expected with corn and soyoil prices higher on the back of firmer crude oil at the open. However, only one of them stayed higher on a consistent basis through-out the day, which was soyoil. Oilshare was higher as traders bought soyoil/sold meal. Funds were liquidating more long positions in wheat, as weather turns neutral from bullish. Solid exports for beans in tomorrow's report is price supportive, with the USDA confirming purchases of US beans at roughly 800,000 mt for the past week. A higher US dollar works against wheat sales, a...
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.