Overnight trading started out slowly and without price direction. However, a later surge of buy orders in wheat and corn sent prices solidly into the green with the soy complex along for the ride. General Comments The U.S. Dollar Index continues its upward march. Along the way, the currency set a 12-year high versus the euro, which is now worth $1.05. Those planning summer vacations in Europe must be delighted. The Brazilian real is still at a historic low, and that helped sponsor another surge in farm sales of Brazilian soybeans this week.Brazilian truckers have apparently given up the fight for lower taxes on diesel fuel, and they are to meet with government officials on 26 March, hoping for an increase in minimum freight rates. Meanwhi...
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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