CBOT markets opened on a mixed tone following yesterday’s Grain Stocks report but most commodities finished higher. Soymeal and soybeans led the soy complex higher on stronger fundamentals and continued fund short-covering. The U.S. forecast is trending wetter for the first two weeks of October, with ample rains for the Western Corn Belt this week. Next week will feature a shift in the precipitation patterns to favor Illinois and Indiana. The PNW remains cooler than normal but, fortunately, the bulk of the Midwest will retain above-average heat, despite the coming rainfall.
Internationally, Brazil and Argentina are still in rainfall deficit, but recent showers have helped alleviate the pain somewhat. The crops are gett...
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...
