May 23 Corn closed at $6.56/bushel, up $0.05 from yesterday's close. May 23 Wheat closed at $6.795/bushel, up $0.055 from yesterday's close. May 23 Soybeans closed at $15.0425/bushel, up $0.07 from yesterday's close. May 23 Soymeal closed at $460.2/short ton, up $2.4 from yesterday's close. May 23 Soyoil closed at 54 cents/lb down 0.89 cents from yesterday's close. Jun 23 Live Cattle closed at $164.85/cwt up $0.9 from yesterday's close. May 23 Feeder Cattle closed at $208.575/cwt up $0.75 from yesterday's close. Jun 23 Lean Hogs closed at $87.55/cwt down $0.3 from yesterday's close. May 23 WTI Crude Oil closed at $83.3/barrel up $1.77 from yesterday's close. ...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.