We cannot call the November WASDE a major surprise because the direction of most major changes was well anticipated, if not their scope; today’s futures market seems to have echoed that.The grain trade sensed that the November WASDE would increase corn and soybean production, decrease use at least slightly and increase ending U.S. supplies of wheat, corn and soybeans for the 2015/16 crop year. The trade was right on direction, but too conservative on degree. Without exception USDA’s November estimates of yields, production and ending stocks for the fall harvested crops – corn, soybeans and grain sorghum – exceeded the trade’s consensus expectations. And following that trend, ending 2015/16 U.S. wheat stocks also topped the average pre-repor...
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.