Mar 26 Corn closed at $4.275/bushel, up $0.0175 from yesterday's close. May 26 Wheat closed at $5.8025/bushel, up $0.135 from yesterday's close. Mar 26 Soybeans closed at $11.375/bushel, down $0.035 from yesterday's close. Mar 26 Soymeal closed at $309.8/short ton, up $5 from yesterday's close. May 26 Soyoil closed at 59.3 cents/lb down 0.79 cents from yesterday's close. Apr 26 Live Cattle closed at $242/cwt down $1.425 from yesterday's close. Mar 26 Feeder Cattle closed at $368.025/cwt down $2.25 from yesterday's close. Apr 26 Lean Hogs closed at $93.675/cwt up $0.225 from yesterday's close. Apr 26 WTI Crude Oil closed at $66.33/barrel down $0.07 from yesterday's close. ...
What You Need to Know Today: Agricultural commodities were mostly lower on the day, with red-hot soyoil a notable exception. Export sales were a bit underwhelming, particularly for corn with export sales down 52 percent week-over-week. The weakness in ag markets tracked crude oil weakness wit...
With the war in Iran affecting fuel and fertilizer prices, higher tariffs, weak commodity prices, ag labor constraints, and other factors, farm bankruptcies are now at a 6-year high, a signal of growing stress. During the month of April, 62 Chapter 12 bankruptcies were filed, which is a 1...
Food Inflation The Open Markets Institute, which is notably funded by several “anonymous” donors and liberal foundations, obtained a guest editorial in the New York Times in which they blame agribusiness concentration for higher grocery prices. This is their schtick and it is politi...
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.