Several factors combined to pressure corn again today. Wheat lumbered along in step with the corn market, while its weekly export inspections were in line with estimates. General Comments It was an uneventful but lower day to start the week. The market was steady overnight with soybeans higher, although everything gradually weakened throughout the day. The USDA reports (detailed in a separate analysis) are scheduled to be released tomorrow and will include the winter wheat production estimate as well as the first 2015/16 supply and demand numbers. Weather patterns seem to be switching from the West to the East. 6-10 and 8-14 day forecasts now look warm and dry in the East and cold and damp across the West, including California.U.S. finan...
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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