Just the fact that many uncertainties now exist between Russia and Ukraine will likely push more corn and wheat export business elsewhere where there isn't the worry about vessel lineups, potential loading disruptions, sanctions, currency issues, etc.Events in the Ukraine kept the grain markets awake overnight, especially the short side of the markets. While political analysts (and other talking heads) were trying to figure out where the situation was headed, it was clear that those who were short wheat and corn futures didn't want to wait to get smaller or get out. May corn futures were up as much as 18-19 cents at one point overnight in heavy trading volume for the night session. Chicago and KC wheat futures traded more than 40 cents high...
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.