Soybeans continue to lead the markets higher on the continuing treat of hot, dry weather encompassing more of the northern Plains and Corn Belt. Corn, though, is reluctant to embrace a weather market. General Comments Markets opened with strong gains Sunday evening as corn and soybean futures traded at their highest levels since June 2016, and the session’s trading volume was quite large. Weekend weather updates continued to show the hot, dry weather eventually pushing even farther to the east than was expected last Friday. The western Dakotas, Nebraska and Kansas were solidly above 100°F over the weekend.The market also has the 12 July USDA reports to deal with, and there are a few related items to consider:
Planted acres will be adju...
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...
