Grain and soy futures headed lower overnight with soybeans leading the way, and prices stayed lower this morning ahead of the release of USDA's April WASDE. Clearly, the market was not worried that today's report might carry any bullish surprises. General Comments Grain and soy futures headed lower overnight with soybeans leading the way, and prices stayed lower this morning ahead of the release of USDA's April WASDE. Clearly, the market was not worried that today's report might carry any bullish surprises. As it turned out, the market was right not to worry. There were no bullish or bearish surprises. The trade had the report pretty well figured out.It says something about the current supply/demand outlook and the market that reflects it...
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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