Most have blamed currency exchange and inflation issues for the lack of active selling by Argentine farmers. However, there are some differences of opinion about the size of the farmers' soybean supplies.The soybean and soymeal markets have maintained their strength throughout a much better-than-expected U.S. soybean harvest and as the planting season in Brazil and Argentina is underway with no major problems in sight. Every analyst is forecasting a record crop in Brazil that could be as large as 88 MMT, exceeding last year's crop by 6 MMT. Brazil has had big logistical issues gathering and transporting that big crop, and vessel delays still persist in the major export corridor of Paranagua. Nonetheless, they have loaded out as much as 30 p...
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.