Dec 24 Corn closed at $4.07/bushel, up $0.0375 from yesterday's close. Sep 24 Wheat closed at $5.395/bushel, up $0.005 from yesterday's close. Nov 24 Soybeans closed at $10.4075/bushel, up $0.135 from yesterday's close. Dec 24 Soymeal closed at $331.8/short ton, up $7.2 from yesterday's close. Dec 24 Soyoil closed at 40.23 cents/lb down 0.58 cents from yesterday's close. Oct 24 Live Cattle closed at $179/cwt down $3.075 from yesterday's close. Sep 24 Feeder Cattle closed at $241.25/cwt down $6.9 from yesterday's close. Oct 24 Lean Hogs closed at $75.725/cwt down $0.85 from yesterday's close. Sep 24 WTI Crude Oil closed at $73.83/barrel up $0.31 from yesterday's close. ...
What You Need to Know Today: U.S. Treasury Secretary Bessent said Friday that the U.S. has seized $1b of Iranian crypto assets. Iran’s IGGC says 15 merchant vessels, including 4 oil tankers, have passed through the Strait of Hormuz in the past 24 hours. Managed money traders...
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
Key Takeaways: Acidity: Brazil’s agricultural production rose significantly after agricultural researchers were able to reduce soil acidity in the Cerrado region. Rotation: Farmers in the Center-West of Brazil, where the Cerrado is located, enjoy a soybean/corn double cropping advantage...
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.