Wheat Argentina’s wheat markets – and much of the world – remains focused on the weather issues plaguing the new crop, which will be harvested starting in November. The rains are not coming for Argentina’s wheat belt and conditions continue to deteriorate in most of the country. Moreover, there were fields last week that suffered frost and the stress is only magnified by the presence of drought. According to the Buenos Aires Grain Exchange, only 17 percent of Argentina’s wheat crop is rated good/excellent, and 26 percent of the crop is in poor/very poor condition. Additionally, 35 percent of the crop is in soils with poor/dry conditions.
The core wheat zone and the north of the country each need rai...
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...
