Other than outside factors that were largely ignored, grains and the soy complex had little to trade on today other than weather. Wheat reversed from the last few sessions to finish lower as did the soy complex slightly. General Comments The Labor Dept. reported that the broad Consumer Price Index (CPI) rose 0.2 percent in February. Though small, it is the first increase in the CPI since October and the biggest monthly gain since June 2014. The Fed's core inflation, which excludes food and energy, grew 1.7 percent. Today's report indicates that the overall rate of inflation remains low and well below the level that could trigger a more active discussion in the Federal Open Market Committee (FOMC) about raising interest rates. The Fed may...
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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