Overnight trading saw firmer prices in the soy complex as short covering continued. Grain prices stayed close to unchanged. Early in the day session, buying interest seemed to disappear. With the September WASDE just days away, markets will find it hard to focus on anything else. General Comments The weekly export sales report is delayed until tomorrow (Friday) due to the Labor Day holiday.It was chilly again overnight throughout the Midwest and Plains with lows down to near 40°F. However, there were no freezing temperatures reported, and none are expected before a warmup begins next week. So far, indications are that that the main part of the Midwest will not experience a freeze ahead of the average dates for one to occur, which ra...
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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