We are not sure that history will single out October 2015 as being particularly notable, but it has been a very interesting month from the perspective of agriculture and markets.We are not sure that history will single out October 2015 as being particularly notable, but it has been a very interesting month from the perspective of agriculture and markets. Below are some of the factors that have made this month worth noting:
American farmers have once again showed that if weather cooperates, they can harvest the fall corn and soybean crops with amazing speed. USDA reported that the soybean crop was 87 percent harvested as of 20 October compared with 68 percent at the same time last year and the five-year average of 80 percent. It called th...
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...