There were representatives from the malting barley and sunflower industry at the meeting. This supports the idea that the "minor" crops are engaged in watching the collapse of the "major" crop prices and are trying to decide at what price level they should introduce 2015 crop contracts.I spoke at a farm meeting in central North Dakota last night and came away with several observations that are worth noting:
The meeting was packed despite the fact there were two baseball playoff games and a Minnesota Vikings football game on television as well as scattered harvesting and fieldwork happening in the area. Low prices create more attention and interest than high prices. There were representatives from the malting barley and sunflower industr...
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...
