Overnight trading in grain and soy futures was quiet and mixed. Grains were slightly weaker, while late buying brought soybeans modestly higher. Trade during the day session was also subdued. General Comments Russia made it official. It is embargoing imports of agricultural products and foodstuffs for one year from all of the countries that have imposed sanctions against it over the Ukrainian situation. These include the U.S., EU, Norway, Canada and Australia. The banned products include meats, poultry, fish, fruits, vegetables and dairy products. Wine and spirits are not included. Poultry is the largest U.S. agricultural export to Russia followed by soybeans. Reportedly, Russian importers are already seeking to buy beef and poultry produ...
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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