Neutral is an interesting word that means nothing’s happening, which aptly describes this week's futures market action. Next Tuesday’s USDA reports could inject some enthusiasm, but it would be inadvisable to bet heavy on that prospect for several reasons.Neutral is an interesting word that means nothing’s happening, which aptly describes where this week's futures market action. are today. Corn and wheat futures were basically unchanged, and funds are reportedly holding modestly short positions in both. They are also said to be holding a small short position in soybean futures, which saw November manage to post some gains. It is doubtful that today’s Commitment of Traders report will indicate any significant changes.Next Tuesday’s USDA repo...
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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