USDA’s annual Outlook conference started today, and it held no surprises by affirming the likely outcome of the current corn/soybean price ratio and tighter overall farm income.
Farmers will plant more corn, netting record production, causing ending stocks to grow and the price to fall. They will plant the fewest soybeans since 2020, stocks will fall, but prices will still drop due to larger global supplies. Wheat area will edge up, along with stocks, but most things will stay the same including price, which falls less than one percent.
When added to President Trump’s renewed and expanded designation of import tariffs and a strong dollar, grain and oilseed markets continued their fall today. Today’s report i...
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...
