According to USDA:
Wheat: Net sales of 382,500 MT for 2018/2019 were down 1 percent from the previous week, but up 21 percent from the prior 4-week average. Corn: Net sales of 292,000 MT for 2017/2018 were down 14 percent from the previous week and 36 percent from the prior 4-week average. Soybeans: Net sales of 93,700 MT for 2017/2018 were down 76 percent from the previous week and 71 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 79,000 MT for 2017/2018 were down 53 percent from the previous week and 32 percent from the prior 4-week average. Soybean Oil: Net sales of 14,200 MT for 2017/2018 were up noticeably from the...
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...