There was rain in Cordoba, Argentina over the weekend that gave us a weak tone in the soy complex. There wasn't any news in the corn market, so the weakness in soybeans spilled over into corn. General Comments The Sunday evening markets were slightly lower, but overnight volume was almost non-existent. There was rain in Cordoba, Argentina over the weekend that gave us a weak tone in the soy complex. There was zero news in corn and wheat, so they tended to follow corn. Weekly export inspections were below expectations. However, it was also a holiday-shortened shipping week.The next bearish hurdle for these markets will be the 10 January 2014 USDA production estimates, quarterly stocks estimates and revised WASDE. Most of the trade is expec...
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...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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