It was quiet in the overnight trade as everyone awaited the first USDA Export Sales report of the month, and when that was issued it was still quiet as the numbers did not provide any shocking new direction. After jumping higher ahead of and after Monday’s WASDE, markets have been sliding back on some of the gains.
Soybean export sales for the week ending 8 September were at the top of their estimated level and cumulatively over the past three weeks totaled a sizeable 5.775 MMT. Corn and wheat sales were more middling.
The weather remains warm and dry across the U.S. production belt aiding harvest, with a chance of isolated showers in the parched southwest. Settlement of the railroad strike took one concern off the...
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...
