Global wheat production is forecast to rise 6.7 percent in 2019/20, which is causing prices to fall 1.9 percent. Meanwhile, world corn production is predicted to go down 1.87 percent with prices increasing 5.5 percent. Hence, the percentage of growth in corn prices relative to the supply change is larger than that of the drop in wheat prices as related to the production decrease. This is in part because prices generally climb faster on shortfalls than they decline on surpluses. It also reflects the influence of loss aversion in human decision-making as well as the outsized influences of the U.S. and China in the grain marketplace. U.S. corn production is forecast to fall more than 5 percent this year, but more than 60 percent of this decli...
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.