Production At a critical time when the world needs more oilseeds, humans and Mother Nature are conspiring against it. Excessively wet conditions have delayed planting in the U.S. Notably, planting is 15 percent behind in some of the major producing states. The impact is that yield forecasts are already beginning to decline, as are private estimates of the final planted acres. USDA’s Prospective Plantings survey at the end of March suggested 91 million acres of soybeans but some believe at least 1 million acres will not get planted due to the sub-optimal conditions.
Meanwhile, the EU forecasts a 7 percent increase in oilseed production in 2022/23, but now drought conditions could cut that estimate. Drought also afflicts weste...
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...
