Ever since USDA began providing this year's first weekly crop condition reports up to the present, the conditions reported for corn and soybeans have sparkled, and markets have acknowledged the (so far) good-looking prospects for both crops.The holiday weekend came and went without any significant change in the weather outlook for the central U.S. That is to say, temperatures are to remain relatively cool for mid-summer, and sunshine should be abundant with a rain event likely to move across every few days. June was extremely wet over most of the Corn Belt, which has wiped out any lingering pockets of drought and left the best soil moisture conditions in many years. The water-logged upper Midwest should dry out rather quickly. It would be h...
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...