Corn, soybean and wheat futures markets continued in full retreat today to start the fourth consecutive week of lower prices. All of this bearishness has left farmers in the lurch, but the next remaining hope for a bullish reversal would seem to be related to an event that started today.Corn, soybean and wheat futures markets continued in full retreat today to start the fourth consecutive week of lower prices. The abrupt change in short- and long-term weather forecasts in late July from hot and dry to cool and wet started the initial downward push. The August set of USDA reports was the next bearish market factor that drove funds out of most long positions and encouraged them to again build short positions. The poor technical chart patterns...
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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Accountability and a comprehensive approach to export programming
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