Corn and soybean markets traded a bit better overnight with wheat markets again lower. China’s “low-level” trade delegation went home with no evidence that any progress had been made in the trade talks. The Trump administration still says it is days (maybe hours) from announcing a trade deal with Mexico, but nothing more was said on that today either. The Pro Farmer corn and soybean tour ended yesterday. Despite a few pockets of smaller-than-expected yields (Minnesota in particular), there was no evidence that USDA’s August numbers were too big. Wheat remains weak on the poor U.S. export sales performance and some rain in the forecast for eastern Australia. Soybean, corn and wheat markets had a terrible week for 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...
From WPI Consulting
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