We used to refer to wheat as the "political grain." However, it seems to have now been replaced by corn, which by any measurement is the largest and most important crop grown in the U.S. and, for that matter, the world. We used to refer to wheat as the "political grain." From the 1960s through much of the 1990s, U.S. wheat growers were arguably the most politically influential group of agricultural producers in the U.S. Their strong influence over certain U.S. agricultural policies and politics as well as the process of creating the quadrennial farm bill was legendary. One reason for this was the historical status of wheat itself -- the first crop cultivated by humans in pre-historic times, and wheat's image as the "staff of life." Another...
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.
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...