USDA is scheduled to release its September WASDE report this Thursday at 11:00 Central time. Funds will enter this report net short across the board, which makes it expensively important that bearish data backs the major trends at hand. Traders are selling the market into the report expecting to find numbers not very different than August data. General expectations include a possible cut to corn exports and yield, possibly tighter bean carry-outs with slightly smaller yield, and possibly higher wheat exports given the pace of recent export inspections and export sales reports. The following tables assembled by the Dow Jones’ Wall Street Journal reflect the guestimates going into Thursday:
Tec...
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...
