Corn Most of Argentina’s agricultural area continues to be impacted by drought. The early planted corn is almost finished but the late planted crop is passing through the critical yield-defining phases under drought stress. The Buenos Aires Grain Exchange reported a huge deterioration in crop conditions last week, especially with the late planted corn, of which the good/excellent rating fell 18 percent. Across the entire crop (early- and late-planted corn) only 17 percent is rated excellent/good while 55 percent is rated fair and 28 percent poor/very poor). Harvest reached 3.5 percent of the area and there was combine movement in the core region where some plots are showing good yields.
Given the above conditions, the BAGE r...
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...
