It seems like a very long time since U.S. wheat, particularly hard red winter (HRW), was competitive in world markets, and there are many reasons why. However, that may be starting to change.It seems like a very long time since U.S. wheat, particularly hard red winter (HRW), was competitive in world markets. There are many reasons why, including:
Four consecutive record world wheat crops, including among the world’s major wheat-exporting countries:
Record Australian crop in 2016 Second-largest Canadian wheat crop in 2016, and only a few years removed from its biggest ever Record EU production three years ago Record U.S. winter wheat yields in 2016 Record Black sea production and likely new record Russian production this year Ar...
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...