There are now in excess of 50 vessels waiting to load at west coast Canadian port facilities, and the problem is getting product to the ports. This is beginning to look like Brazil.January is behind us, and that also means spring in the Northern Hemisphere is another month closer. It can't come soon enough:
The northern Plains of the U.S. have missed out on global warming. It has been below zero (F) for 43 of the last 60 days in Fargo, and this pattern appears to be intact into February. This will be one of the 10 coldest winters on record. There are now in excess of 50 vessels waiting to load at west coast Canadian port facilities. This is a record. The problem is getting product to the ports. This is beginning to look like Brazil. Ch...
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...
