Markets traded relatively thinly to close out the week today, although volume earlier this week was quite strong. The China trade talks will resume again next week. While people are hopeful a deal is close, they won’t trade that until it is done. Weather remains a very real problem across the Corn Belt and northern Plains (see today’s separate analysis). USDA’s WASDE (supply and demand) for May will be released a week from today, and it will be the first issue that will separate China from the rest of the world. It will also provide USDA’s first look at MY 2019/20 supply and demand. USDA will likely make no changes to acreage estimates in this report as it is too early to consider any that might be caused by the col...
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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