The CBOT opened sharply higher Sunday night and that strength continued into early-day trade on Monday. Continued dryness for Argentina and southern Brazil combined with overly wet weather for central/northern Brazil helped the markets move higher initially. The rally attracted selling pressure, however, that pulled corn and soybeans off the day’s highs and back within their respective trading ranges. Wheat futures finished sharply lower as the commodity remains the sell-leg of bull spreads from the corn and soybean markets. A sharply higher U.S. dollar and better weather forecast for the U.S. Plains and Black Sea also pressured futures. The March WASDE will be released at 12:00 Noon EST tomorrow and traders/analysts are genera...
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...
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Accountability and a comprehensive approach to export programming
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