The trade worries won’t go away. Even though markets ignored the imposition of tariffs last Friday, they were back to selling today in relatively light trading volume. Two other negative market factors to start this week were the following:
USDA will release its July crop production update and WASDE revisions on Thursday, and it has been a long time since we had a bullish USDA report. Corn Belt weather will be hot this week, but it looks cooler in the extended forecast today than it did last Friday (see map below).
U.S. equities markets were very strong today. The U.S. dollar was also strong, and crude oil was back above $72.00b in the September contract.
Corn FUTURES A cooler temperature forecast coupled with th...
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...
