The September WASDE report has now come and gone, and we are here to pick up the pieces. In general, the bears got to celebrate National Chocolate Milkshake Day. Here are the high or low points depending upon one’s position in the market:
Corn and soybean yields were not hurt as much as expected by this summer’s hot, dry conditions.
Despite rising insurance claims of both “prevented plantings” (up 0.7 percent for corn and 2.6 percent for soybeans) and lower planted plus failed acres (down 1.7 percent for corn and 1 percent for soybeans), harvested acres were higher than expected.
USDA did not lower yield and output as much as anticipated.
Corn carryover was raised by 19 million bushels, 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...
