USDA's May 2015 supply and distribution report was released today, which includes the first estimates for MY 2015/16. Many changes are likely over the next several months, but there were some items of significance to the oilseeds sector. Oilseed Highlights from USDA WASDE Report USDA today released its May 2015 supply and distribution report that includes the first estimates for MY 2015/16. There will undoubtedly be many changes to these forecasts over the next several months, but the initial numbers are always instructive as to what may occur. Below are the items that I have identified of significance in the report with respect to the oilseeds sector:MY 2014/15
The U.S. domestic soybean crush was increased by 10 million bushels to 1.8...
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...
