Most of the causes for last week's stock market drop are outside of the U.S. as most domestic economic news is promising and supportive. However another possible reason for the market's reactions is the future of U.S. monetary policy.The stock market opened today after a significant drop last week and a myriad of reporters and analysts looking for the reasons why. Most of the causes are outside of the U.S., which include the Middle East situation, the Russia/Ukraine conflict, Argentina's debt default and Portuguese banking problems. These problems, however, are not particularly new, unique, shocking or worse than they have been in the past. Meanwhile, the U.S. economic news is promising and supportive. Consider the following:
Real gross...
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...
