While the expanding dryness that is starting to affect the 2017 U.S. hard red winter wheat production region has been covered in analysis here this week, there is another issue affecting all three wheat classes that needs to be re-emphasized.
While last Monday’s analysis covered the expanding dryness that is starting to affect the 2017 U.S. hard red winter wheat production region, another important issue that needs to be re-emphasized is the very wide disparity in cash prices among hard red winter wheat, hard red spring wheat and soft red winter wheat. The enormous hard red winter wheat yield coupled with some low protein issues created an interior glut that continues to search for a home. This was brought back into focus again last week...
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...
