SPREADS Dec crush trades to 82.43c/bu while oilshare trades to 32.55%. Bull-spreads are in play with Dec/March corn trading into 10 1/4c from 11 1/2c. Dec 19/Dec 20 spread trades from 24 3/4c into 20 1/4c. Bean spreads are steady with Nov/Jan at 14c from 13 1/2c. Jan/March trades from 11 1/2c to 12c. Dec/March meal widens out to a $5.90 carry from $5.70. PALM OIL Nov down 17 ringgits......cash down $2.50. India is considering restricting imports of some Malaysian products including palm oil. Indian is the largest user of edible oils and would look to replace the oil with supplies from Ukraine, Argentina, and Indonesia. Malaysia's Prime Minister's office said they have not...
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.