SPREADS Volumes remain heavy in spread trade as March contracts move forward. March/May corn traded over 100,000 times on the second day of the Goldman Rolls. May crush trades to 98c/bu while oilshare trades at 34.20 percent. Corn spreads are weaker with July/Dec trading to 3 ¼ cents from 2 ½. March/Dec corn trades from 11 ½ to 12 ¼ cents. July/Nov beans trades into 8 cents from 8 ¾, and values that were wider a few days ago. March/May meal trades from $5.50 to $5.70. PALM OIL Down 61 ringgits and cash off $10.00/MT. NEWS Stocks are 100 pts higher with commodity prices stabilizing further with crude back over $50/barrel to $50.62/barrel. Gold prices are lower Calls today are as foll...
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.