GOOD MORNING The markets are called steady but could remain well bid with a macro-risk on day on the outside that could spill-over into grains and soy. President Trump tweeted that the Phase One deal would be signed at the White House on Jan. 15. The Dow was higher overnight as other world markets continue to perform better off the hopes for continued trade talks between the US/China. Most are calling the markets steady, but think that soyoil will open higher following a correction on Tuesday, and a sharply higher palm oil market this morning. That price action should bring a bid to beans, which closed on a strong note last session. Wheat could generate a bid from a constructive chart as well, and a dece...
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...
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Illuminating the value of technical research
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