SPREADS August crush trades to 96c/bu while oilshare trades t. 443.39%. July oilshare trades to 45.67%. July/Nov beans traded from 1.90 3/4c to 1.95c. July/Dec meal inverse trades down to $14.30 from $15.90. July/Dec corn inverse firm to 1.19 3/4c from 1.14c, while Sep/Dec inverse traded from 30 1/4c to 28c. July wheat/corn trades from 48 1/2c to 41 1/4c. PALM OIL August up 123 ringgit/mt or 2.31% to 4,455 ringgits. Malaysian futures rebounded as estimates of lower April production fueled concerns over edible tight supply. NEWS Stocks are up 53 pts as crude oil trades to $67.01/barrel as more countries reopen and rebound from the pandemic. The US dollar slides to new lows of 89.75...
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.