Turkey has had quite a difficult crop year thus far with wheat barley and corn production appearing to be down by about 10 percent on average. It is expected that wheat imports will have to rise approximately 20 percent this year as wheat flour exports drop about 25 percent.
News Updates North African buyers of French wheat have been very concerned about reports that this season's crop is of very poor quality and the corroborating news that France imported 27,500 MT of high protein wheat from Lithuania this week. However, France has exported just over 1 MMT of wheat to non-EU destinations in the first eight weeks of the crop year, so there appears to be some wheat of export quality available. North Africa is France's largest exp...
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...
