Markets opened weak again Sunday evening. Corn and soybeans were down 3-4 cents and 8-9 cents, respectively. Meanwhile, wheat was 3 cents lower in KC while down 1-2 cents in Chicago and Minneapolis. The lower prices reflected the lack of any apparent progress in U.S.-China trade talks last Friday with no resumption scheduled, although both sides said the negotiations will continue. World equity markets were also very weak Sunday evening, and U.S. equity futures were down 1-2 percent. In addition, China announced its intentions to raise tariffs in retaliation to the U.S. increases indicated by President Trump. The markets were also still struggling under the weight of last Friday’s bearish USDA supply/demand estimates of higher ending...
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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