Most people won’t remember the “Is it real or is it Memorex?” slogan. With soybean futures finishing today up to 27 cents higher, though, some are wondering if this rally is real or if it’s a Memorex rally. While it's really hard to know, there are several reasons to believe it is real.Most people won’t remember the “Is it real or is it Memorex?” slogan. This was part of an advertising campaign for a recording tape that was supposed to reproduce audio at a quality that sounded better than when heard live. Now with soybean futures finishing today up to 27 cents higher, some are wondering if this rally is real or if it’s a Memorex rally. The answer is, it’s really hard to know. Following are several reasons to believe it is real:
Projected...
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...
