SPREADS Crush trades down to 78c/bu while oilshare trades down to 32.55%. Corn spreads narrow further with Dec/March trading into 9 1/4c from 10 1/4c. Dec19/Dec 20 corn trades from prices into 8c from 14 1/2c, closing at 12 1/2c. Nov/Jan beans trade from 14c out to 14 3/4c while Jan/March trades out to 10 3/4c from 8 3/4c. Meal spreads weaken with Dec/March trading out to $6.00 from $5.60. Dec/March wheat trades from 5 1/4c to 6c. PALM OIL Asian palm oil prices fell in early trading with the market looking for the release of Malaysia export estimates Tuesday for a clearer picture of demand. Report last week said this about palm oil: • MPOB provided a carryout that was at...
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.