Now that weather has faded from the market screens, there are other items to discuss. Among a few to start the week are shuttle train values, U.S. winter wheat acreage and the current status of U.S. exports.Now that weather has faded from the market screens, there are other items to discuss. Following are a few to start the week:
U.S. exports were poor six months ago with many ranges at just 50-60 percent of capacity. The Pacific Northwest (PNW) was especially slow, and corn exports to northern Asia were very slow. Most of the soybean export business was from the center Gulf, but that has now changed. The surge in corn exports combined with more soybean shipments from the PNW has tightened that range considerably, and it is now near capa...
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...
