The collapse in the soy complex, corn and wheat in just two weeks has been nothing short of amazing. It started with another “Black Swan” event when Great Britain voted to leave the EU.The collapse in the soy complex, corn and wheat in just two weeks has been nothing short of amazing. It started with another “Black Swan” event when Great Britain voted to leave the EU. World markets of every sort crashed the day following the Brexit vote. The risk-off crowd started to pull money off the table in a big way. The 30 June quarterly stocks report and acreage revisions were bearish corn and wheat but slightly bullish soybeans. They sparked an amazing 50-cent rally the day of the report for soybeans, which traded as high as $11.60¾ that day. Novemb...
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
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.