SPREADS Jan. crush trades higher to 1.34c/bu while oilshare trades to 30.84%. Look for higher crush values to underpin meal, while weaker energies should keep oilshare values trending weaker. Heavier than expected bean deliveries are weaker for spreads, with Nov/Jan beans trading out to 4 1/4c carry from 1 1/4c, and prices that were at an inverse. Jan/March beans inverse breaks down to 6c from 8c. Dec/March meal trades from $20.10 high to $17.60 inverse. Dec/Dec corn trades down to 9c from 11c, and an inverse that had been over 20c week ago. Dec/March corn trades out to a 5c carry from 4 1/4c. Dec wheat/corn trades from 2.01 3/4c down to 1.97 1/2c. PALM OIL Jan. down 32 ringgits...
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.