FOB prices were steady this week, while corn became the commodity with movement as several trades were reported. Asian consumers and trading houses are very active in the market, mainly buying March-May shipment. Movement in more deferred shipments seems to be directed by a particular strategy.
Weather Rains fell this weekend north of Buenos Aires and in Entre Rios. Although some local players are analyzing their effect on the corn crop, anything of significance is unlikely. At most, there might be some harvest delays in those specific areas. The map below shows the precipitation of the past 24 hours:The weather situation will be carefully monitored in coming weeks because the harvest in the nucleus crop area will begin at any moment. D...
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...
