GOOD MORNING, Prices were lower for most of the markets as crop progress ratings improved more than expected, and corn and beans entered a mostly negative time seasonal. Traders look to see if demand can shore up a bottom. Beans saw a 10th session of USDA announcements yesterday with spreads continuing to firm into new highs this AM. First notice day is Friday for August futures. There are 2,753 soyoil receipts, 511 meal, and zero beans. WEATHER Soaking rains moved across central Illinois, Indiana, and Ohio. Temperatures are cooler, below average for the end of July, which has proved to be a hot but wet month. Fields in North Dakota have too much rainfall while Nebraska...
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
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