The soy complex is where the selling was centered today, while wheat tried to recapture some of yesterday's big losses ahead of the weekend. Meanwhile, there were several forecasts released by private analytical groups. General Comments Markets were quiet overnight. This included wheat futures, which were slammed so hard yesterday. There isn't much news ahead of the weekend, plus we get the USDA planting intentions and quarterly stocks numbers Tuesday, the last day of March and the last day of the first quarter. There were several numbers released by private analytical groups:
The International Grains Council (IGC) pegged 2015 world corn production at 941 MMT compared with 990 MMT in 2014. The IGC forecast 2015 world wheat production...
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...
