SPREADS Dec crush firms to 82c/bu while oilshare sits at 33.31%. Corn spreads are narrower with Dec/March trading into 11 1/4c from 12c, and Dec 19/Dec 20 trading out to 21 1/2c. Dec/March wheat trades from 4 3/4c to 5 1/2c. Jan/March beans trades out to 11 3/4c from 11 1/4c, while Nov/Jan widens out to 14 1/2c. Dec wheat/corn trades from 1.30 1/2c to 1.31c. Dec/March oil spread trades from 46 to 47 pts. PALM OIL Nov cash offers for palm oil +15,00/mt higher, rising to 16 month highs. Oct. palm oil exports are estimated to be 10% higher than Sep., spilling over into soyoil futures this morning. Malaysia's trade and industry minister said talks were still on track for approval of a tr...
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.