Milling Wheat The Black Sea market remained about unchanged last week. The focus is on the new crop conditions in Russia and Ukraine. The drought is persisting in southern Russia and Ukraine, while the rains in northern Russia are still delaying the planting of spring wheat. Most estimates have Russia’s crop at 67-73 MMT (versus last year’s 85 MMT) and Ukraine’s at around 25 MMT (against last year’s 26 MMT). The EU reported that 167,000 MT were exported last week, bringing the total to 19.9 MMT versus 23.1 MMT on the same date last year. The French wheat exports in April totaled 2 MMT (including 1.2 MMT to third countries and 0.8 MMT to EU destinations), according to the customs data released today. This is about 0...
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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