Dec 24 Corn closed at $4.0575/bushel, down $0.07 from yesterday's close. Dec 24 Wheat closed at $5.655/bushel, down $0.1025 from yesterday's close. Nov 24 Soybeans closed at $10.1325/bushel, down $0.0075 from yesterday's close. Dec 24 Soymeal closed at $321.6/short ton, up $0.2 from yesterday's close. Dec 24 Soyoil closed at 40.93 cents/lb up 0.62 cents from yesterday's close. Dec 24 Live Cattle closed at $181.125/cwt up $1.275 from yesterday's close. Oct 24 Feeder Cattle closed at $243.775/cwt up $3.825 from yesterday's close. Oct 24 Lean Hogs closed at $82.25/cwt up $0.2 from yesterday's close. Nov 24 WTI Crude Oil closed at $71.05/barrel up $1.17 from yesterday's close.  ...
What You Need to Know Today: There is a global rotation out of tech stocks right now amid profit-taking and expectations of interest rate hikes later this year. The White House said Iran will use its upcoming unsanctioned oil revenue to buy U.S. agricultural products, a claim that Iran later s...
USDA will release its Quarterly Hogs and Pigs report on Thursday. Below are analysts’ estimates for the report. The biggest change since the 1 March report is the number of market hogs, which is expected to be up 1.1 percent from what was implied in March. The percent increase in hogs we...
Key Takeaways: Argentina is a major global agricultural exporter, but producer returns have historically been constrained by export taxes. Export taxes have been a long-standing policy tool since 1955, reintroduced in 2002 after Argentina’s financial crisis, and have since remained a key...
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.