USDA will release its December WASDE (supply and demand) estimates tomorrow for both the U.S. and the world. That wouldn’t be evident if only reading the news, which is basically focused solely on China, China and more China. It’s not that this country and the trade deal aren’t important; both are obviously critical to the markets going forward. The problem today is that everything being read from day to day is based on rumors and guesses as there is no factual information available. One day China is going to buy 10-15 MMT of U.S. corn, wheat and soybeans, and the next day it isn’t going to buy anything. With every news and analytical group thinking it has or wanting to have the “scoop,” the result is cre...
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...
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Illuminating the value of technical research
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