SPREADS Jan crush trades to 1.27c/bu while oilshare trades higher to 31.81%. December futures continue to roll forward or liquidate. December corn open interest now stands at 544,948 ctrs vs. March at 573,174 ctrc. Volumes for the Dec/March spread are extremely large as the Goldman Roll continues. On Friday, Dec. open interest was down 37,770 while March was up 37,401 ctrs. Dec/March corn trades out to 7c from 6 3/4c. Dec/Dec corn firms to 12 1/4c from 8 3/4c. Nov/Jan beans trades out to 4 1/4c carry from 3c, with Nov. expiration on the 13th. Jan/March bean inverse weakened to 1c from 2 3/4c, and values that were as high as 29c. Dec/March meal inverse trades from $10.00 to $...
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
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.