Here are a few things to think about during this period of almost non-existent news surrounding the markets:
This is from a press release from the state of South Australia (SA): SA grain growers will not have to access GM technology for at least another six years, after the state government's announcement that its moratorium on GM food crops will continue until at least 2019. That leaves SA as the only mainland state unable to grow commercial GM crops. The moratorium extension announcement was made last week by Tourism Minister Leon Bignell, who said SA's GM-free status was an important part of the state's reputation for producing premium food and wine. "Maintaining the moratorium sends a strong message to consumers of SA food and wi...
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...