SPREADS May crush trades down to 59c/bu, while oilshare firms to 35.91%. Spreads recover with July/Dec corn trading from 70 1/4c up to 74 1/4c, and May/July trading from a 9c inverse to 9 1/2c. May/July wheat trades from 12 3/4c inverse down to 11 3/4c. July/Nov beans inverse trades from 1.64c up to 1.80 3/4c, while May/July trades 8 1/2c to 11 1/2c. Bull-spread liquidation still continues into first notice day on Friday. July/Dec meal trades from an inverse of $44.20 down to $39.00. PALM OIL May up 126 ringgits closing at 3,670 on talk of better than expected Feb. exports. NEWS Stocks are modestly higher up 14 pts with crude oil trading to new contract highs in April at $63.00/barrel. The Dow is up...
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.