Markets started steady to lower overnight and were decidedly lower by the time the night session closed. The election of the pro-business/agriculture candidate (Macri) in Argentina put pressure on the soy complex as wheat and corn simply watched. However, those trends started to slowly change once today’s trading started. General Comments This was supposed to be a quiet trading week with the U.S. Thanksgiving holiday on Thursday and the bearish implications from the Argentine election. Markets started steady to lower overnight and were decidedly lower by the time the night session closed. Soybeans were down 10-12, while wheat and corn were also lower. The election of the pro-business/agriculture candidate (Macri) in Argentina put pressure...
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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