There was much to contemplate today and that was reflected in the unsettled nature of various contracts and the mixed finish. Leading wheat and soybean contracts have taken losses for four out of the last five trading sessions, though July wheat remains higher based on the larger gain on Tuesday and otherwise smaller losses on other days. July soybeans made some recovery yesterday but went back to losses today. By contrast, July corn has traded higher four out of the last five trading sessions. Both corn and soyoil scored new contract highs.
The day’s news that the U.S. economy shrank 1.4 percent in the first quarter raises more concerns about politics than the economy. Wall Street shrugged it off despite it being the lead ne...
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...
