The CFTC report was in line with expectations again as it showed funds still engaged in the expected buying in corn and across the soy complex. Funds expanded their long position in corn by 7 percent and are now just about 17,000 contract shy of their seasonal record long position. Funds were net buyers in soybeans but by a far smaller margins and added just over 7,000 contracts to a small bullish position. Interestingly, funds covered shorts in the soymeal complex and reduced that position by 14 percent, but are still hold a five-year seasonal record short position. Funds nearly doubled their soyoil long last week as ...
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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