A hint in the market suggests that Brazil's new crop logistics might not be any better than last year, although there is hope for an earlier start to the shipping season. General Comments Markets were very quiet in light trading volume overnight, but that slow and steady level of trading changed abruptly in the first hour of today's session when the soybean market jumped to double-digit gains that dragged wheat and corn higher as well. After reading all the reasons prices should go lower before the markets opened, the commentary quickly shifted to increasing demand for corn and very strong domestic demand for soymeal once the markets leaped higher. USDA announced another corn sale this morning plus the sale of 40,000 MT of soyoil.U.S. fin...
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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