There has been a great deal of conversation over the past several weeks about the possibility that U.S. corn and soybean yields might be much better than current estimates. That higher yield speculation is of course the result of great weekly crop condition ratings. In the past week, however, the tone of this yield chatter has started to change a bit. Following are a few reasons why:
The southern Plains drought situation hasn’t improved and has continued to slowly creep into southern Iowa, Missouri, eastern Kansas and Arkansas. Part of eastern South Dakota and western Illinois are also turning dry. The saving grace for these dry pockets might be that temperatures have returned to normal, which is also the extended forecast. What do...
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...
