Just how merry the month of May turns out to be for producers and consumers of grains, soybeans and their products depends to some degree on the prices of those crops and their products.Judging by the frequency with which the phrase "the merry month of May" appears in poetry, literature and song, this is certainly one of the most popular and happiest months of the year (at least in the Northern Hemisphere) for a variety of reasons. It is a time of emergence when flowers bloom and newly seeded crops appear. People seem to also leave their indoor lives to enjoy the sunshine and fresh air. This is the first month of the year when an outdoor picnic can be scheduled in many areas without fear of an ice storm.May is also obviously an important mo...
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.