SPREADS Oct. crush to 94.02c/bu while oilshare is at 35.20%. Sep/Dec corn trades from a low of 13c into 11 1/2c on heavy volume. Dec/Dec corn trades from 38 3/4c from 40c carry. Sep/Nov beans trade from 1 3/4c out to 2 1/2c. Sep /Dec wheat trades from 7 3/4c out to 8c. PALM OIL October closed down 47 ringgits. Palm oil inventories fell to 3-year lows in July as production declined due to labor shortages and heavy rains, while exports rose amid easing coronavirus related curbs. The Malaysian Palm Oil Board forecast end of July stockpiles declining 10.55% vs. mo ago to 1.7 mmt, while output fell 4.14% to 1.81 mmt. NEWS Stocks are up 92 pts. while crude oil trades firmer to $41...
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.