Overnight trade in grain and soy futures was dominated by the U.S. dollar's climb to new heights, and the March WASDE released at noon (EDT) today did not do much to counter the currency's strength. General Comments Overnight trade in grain and soy futures was dominated by the U.S. dollar's climb to new heights. It reached an 11-year high versus the euro, thanks in no small part to the beginning of the European Central Bank's (ECB's) quantitative easing stimulus program that sent the Continent's interest rates to historic lows. Brazil's real continued to soften as well, providing an extra bonus to that country's soybean farmers as they push the harvest further ahead. It should have passed the 40 percent mark by now.Prices of many commodit...
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...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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