The ongoing South American harvest and the possible increase in 2015 U.S. soybean acres in next week's report is a heavy load for the soybean market to carry, and prices eased lower again. Meanwhile, last week's export sales were not enough to keep corn from the influence of sinking wheat prices. General Comments Overnight trading in CME grain and soy futures saw prices advance, but higher prices did not survive very long during the day session. Wheat prices led the entire board lower. The U.S. dollar recovered from early losses to trade higher. Weather forecasts added more rain for Western Europe, Ukraine and Russia, and earlier concerns about dry conditions have disappeared. Rain prospects have also turned more favorable for the souther...
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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