Markets in general have built more walls of worry this week over U.S. corporate earnings, emerging market concerns and slower growth in China. The bearish beat goes on.
General Comments Markets were slightly higher most of the night session on light trading volume, but they faded some at the 7:45 close and opened steady to lower at 8:30. Financial markets were in trouble again early this morning with Dow and S&P sharply lower early in the session. The Dow was down more than 200 at one point with the S&P down almost 20. The S&P actually made it all the way back and traded slightly higher before slumping again in the last hour of trading. USDA did announce the sale of 110,000 MT of corn to Spain this morning. That coun...
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...
