The Sunday night session was quiet with corn higher while wheat and soybeans were slightly lower. That trading pattern didn’t change today. Corn was strong on concerns about the corn planting pace in the U.S. The cool and wet weather pattern still hasn’t changed with much of the upper Midwest receiving another round of rain and snow this past weekend. There still doesn’t seem to be any solid feeling about when the U.S. and China might agree on a trade deal. There were all sorts of comments by various administration people this morning that one is “near,” but there are still some substantial issues to be resolved. Funds are now short more than 600,000 contracts of corn, wheat, soybeans, soymeal and soyoil. Thi...
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...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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