With harvest beginning to pick up along with USDA’s quarterly stocks report and final small grain summary due out on 29 September, there is little incentive to establish new positions. The result is the sort of listless, choppy, low volume trade that occurred today. General Comments Grain and soybean futures prices traded slightly lower overnight, taking back some of Wednesday’s gains amid a modest increase in trading volume. Those slightly lower prices continued to prevail early in the day session, but volume slackened. About mid-session, prices recovered enough to push into the green, and there they stayed for most of the remaining session. Basically, it was a dull session in which buyers and sellers appeared equally disinterested. With...
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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