SPREADS Crush remains firm with Oct. trading up to 1.07c/bu and oilshare correcting lower again to 32.70 percent. Dec wheat/corn moved above the August highs triggering more fund buying trading today at 1.20 1/2c from 1.18c. Nov/Jan beans remain a firm 14c to 14 1/4c from values that were 13c week ago. Dec/March meal narrows back into $4.90 from $5.10. Dec 19/Dec 20 carry trades out to 43c from 40 1/4c. PALM OIL Malaysian Palm Oil Board forecasts August 2019 production at 1.821 mmt, above expectations for 1.770 mmt of production, and up from 1.740 mmt in July. August 2018 production was 1.620 mmt. NEWS The Dow is slightly lower in early trade. Crude remains firm trading...
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.