Yesterday’s tough-talking rhetoric from President Trump, in which he said he planned to go ahead with additional tariffs on Chinese imports, was apparently seen as posturing ahead of his Friday meeting with President Xi because it seemed to have no effect on overnight futures markets trade. In fact, soybeans reversed direction and were firmer. Corn was up slightly, and wheat was off a bit. During the day session, soybeans extended their early strength to finish up 12-13.25 cents, recovering about two-thirds of Monday’s loss. Soy products were both firmer. Corn remained stuck in its typical 3 cent trading range before the December and March contracts closed up a half-cent. Deferred corn contracts were unchanged to a fraction lowe...
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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