It was another "Turnaround Tuesday" for grain and soy futures markets. Prices gained modestly overnight in relatively light volume. The gains were limited because traders seemed reluctant to chase prices. However, the mood seemed to change after the day session opened. General Comments It was another "Turnaround Tuesday" for grain and soy futures markets. Prices gained modestly overnight in relatively light volume. The gains were limited because traders seemed reluctant to chase prices. However, the mood seemed to change after the day session opened, and there developed willingness to trade higher prices, especially in the soy complex. That was the leader, and within the complex, it was soymeal prices that lifted soybeans.On the macro sce...
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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