Futures Market While today’s trading session was a bit of a recovery it still left the week with overall declines for soybeans and soy products. A lot of it is due to spillover effects from macro markets focused on the potential of the Fed pushing the country into a recession to kill inflation. Soy traders are specifically watching China and its relative demand. However, China remains active in the market, buying 167 KMT of U.S. soybeans this week and likely was involved in 396 KMT in sales listed to unknown.
Export Sales We would know more except FAS botched the changeover to a new Export Sales reporting system and the market is in the dark until later this month. Some note the irony that it is about the only report USDA issues...
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...
