Agricultural trade is said to be the global movement of water, since crops generally move where water is plentiful to where it is less available. Since it is believed that climate change will have significant impacts on rainfall, it is important to monitor geographic changes in precipitation. FAO data available for the six-year period from 2012 to 2017 shows that 20 countries reported net increases in rainfall and 19 countries reported decreases.
Globally, the data shows a one percent increase in overall precipitation over the period. Most changes by country were relatively minor. However, four countries stand out for relatively larger changes in rainfall. A persistent decline in annual rainfall would encourage greater investment in irri...
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...