SPREADS July crush trades to 74c/bu while oilshare trades to 42.68%. Inverses remain well supported with July/Nov beans trading to 1.95c to 2.08c. July /Dec meal is weaker trading down to $24.50 from $28.50. July/Dec corn trades from 1.23c down to 1.12 3/4c inverse. July wheat/corn trades from 26c down to 19 1/4c. PALM OIL Holiday NEWS Stocks have traded both sides of unchanged and are currently up 17 pts. The US dollar is in the red trading down to 90.58, while crude oil trades to $64.09/barrel. US unemployment benefits fell to 473,000, a new pandemic low, and the latest evidence that fewer employers are cutting jobs as consumer spending goes higher and more businesses reopen. CAL...
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.