USDA will release its July WASDE numbers at 12 PM (EDT) tomorrow. That also gave us some choppy trade today, but volume was very good in corn and soybeans and relatively light in wheat. General Comments Markets actually traded higher overnight for what seemed like the first time in weeks. The November soybean contract even traded double-digit gains early this morning. Corn was up 3-4 cents and wheat was 4-6 cents higher. These markets have been so beaten down that the overnight buying was probably just profit taking ahead of tomorrow's USDA reports. That profit taking buying dried up after this morning's opening, and we eventually saw another round of selling as the session wore on.World currency and financial markets were under pressure...
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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