Markets were easier overnight and today following Thursday’s slightly bearish USDA report, good South American harvest weather and a poor technical outlook. The soy complex has been under the most pressure this week, and wheat, like corn and soybeans, has turned technically soft. General Comments Markets were easier overnight and today following Thursday’s slightly bearish USDA report, good South American harvest weather and a poor technical outlook. Soybeans, corn and wheat all lost ground this week. It’s been like a slowly leaking balloon with the soy complex leading the way. Weakness in energy markets has also tended to weigh on grain and oilseed markets. The only positive aspect seems to be that farmers are holding tightly to old crop...
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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