Grain and soy markets saw a dual between poor weekly export sales and growing weather concerns ahead of a three-day weekend. Corn futures prices did bounce around actively in a 10-cent trading range today. General Comments Please note: Grain markets are closed tomorrow for Good Friday, although most financial markets will remain open.Last week's export sales volumes for corn, soybeans and wheat were smaller than expected, and there were net cancellations of 212,700 MT of grain sorghum sales. Only soymeal sales held their own. Soybean export sales stood out with just 27,400 MT of sales for 2014/15 but 568,300 MT of sales for 2015/16. In addition, USDA announced a daily sale of 118,000 MT of soybeans for 2015/16. Wheat sales were only 162,1...
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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