The last major USDA reports are behind us until the 30 June acreage and quarterly stocks updates. We're back to weather first and demand second, but there are a few things to ponder.The last major USDA reports are behind us until the 30 June acreage and quarterly stocks updates. We're back to weather first and demand second. Here are a few things to ponder:
Stats Canada will not release its planting intentions estimates until 23 April. Most analysts are looking for spring wheat acres to be about unchanged from last year. Durum and barley acres should be up. Canola acres are expected to decline between 4-5 percent. U.S. corn ending supplies will decline in MY 2015/16 unless the national average corn yield is 165 bushels/acre or higher. T...
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...