Corn and wheat traded steady to higher most of the session, while soybeans had another day of back and forth trading. General Comments Markets were quiet and slightly higher in overnight trade Sunday. Corn and wheat traded steady to higher most of the session, while soybeans had another day of back and forth trading. There was little news to push prices higher or lower. USDA did announce both new crop (2014-15) soybean sales and old crop corn sales to unknown. Weather is also a small player with improving conditions in Argentina, but there are now some concerns about dry weather in parts of Brazil. The second outbreak of mega cold weather is again prompting a few concerns about winterkill in the winter wheat regions, but not enough to gen...
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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