SPREADS Sep. crush trades to 84.97c/bu while oilshare falls trades higher to 34.86%. Spreads are slightly weaker with the Aug/Nov inverse trading from 5c to 3c. Sep/Nov beans trades from 2-3 3/4c carry. Sep/Dec meal trades wider from $6.10 out to $6.70. Sep/Dec corn trades from 10 1/2c to 11c carry. Sep/Dec wheat spread widens out to 7 3/4c from 7 1/4c. The Sep wheat/corn spread trades from 2.13 1/2c down to 2.09c. PALM OIL October up 51 ringgits, tracking strong gains in Dalian palm. Palm oil gains as exports for palm are expected to have risen for the month of July. AmSpec Malaysia forecast July 2020 palm exports at 1.739 mln mt, vs. June at 1.629 mln mt. &nbs...
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.