Markets were largely neutral overnight. Ongoing dry weather in Argentina and the southern U.S. Plains (hard red winter wheat) was offset by fears of just where the world trade discussions will go. The markets opened mostly steady today, but the KC wheat market eventually broke out higher. Soybeans also traded 4-5 cents higher most of this morning, while corn managed to barely hold steady until later in the session. Weather forecasts are still mostly dry for Argentina. Meanwhile, conditions might be turning too wet in Brazil, which will further slow the soybean harvest there and mean more planting delays for the safrinha corn crop. USDA will release its March WASDE (supply/demand) revisions on 8 March. Meanwhile, the threat of a trade war...
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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