While Argentine feed wheat is trading at $155 FOB, which makes it the world’s cheapest feed wheat/grain, most EU importers are not willing to purchase it because of a specific concern. Milling Wheat The Black Sea market, which is usually very quiet during the year-end holidays, is weaker due to the absence of buying interests. The holidays continue in Ukraine and Russia until 11 January, and not much activity is expected during the next two weeks. The weather in Eastern Europe was cold last week with temperatures reaching -20°C. Most of the region is now covered with snow, however, and there is no real risk of winterkill. The Russian ruble continues to erode versus the U.S. dollar as it reached 73 RUB/USD, but that is keeping Russia’s dom...
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.