Following are a few thought-provoking items:
The corn, soybean and spring wheat crops are off to a great start despite weather that has not been entirely favorable when measured by traditional standards. May was the hottest on record for that month, and June has been the third-hottest over the Midwest. It is likely that the 11 weeks of 1 May-14 July will end up being the hottest such period ever for the Midwest, exceeding that of the 2012 drought year. Yet weekly crop condition ratings have remained very high, raising the possibility of another year of near-record yields. True, the impact of the heat has been softened by high levels of soil moisture accumulated during the heavy spring rains. We are totally unqualified to discuss pl...
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...
