Markets were mixed overnight with corn higher, wheat lower and soybeans mixed. There was no escalation in the Russia/Ukraine situation and that led to another round of selling in wheat markets. General Comments Markets were mixed overnight with corn higher, wheat lower and soybeans mixed. There was no escalation in the Russia/Ukraine situation and that led to another round of selling in wheat markets. Corn seemed to be buoyed by the confusion over how many acres of corn really did get planted. It eventually turned negative, wheat stayed negative and soybeans eventually gained strength, led by strong basis for old crop soybeans and soymeal.There were some needed rains across the Northern Plains and parts of the northern Corn Belt over the...
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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