The big problem for markets over the next six weeks is that there will be very little in the way of fresh news to discuss, especially of the bullish variety.The markets were all soft today following last night's steady-to-better start. The big problem for these markets over the next six weeks is that there will be very little in the way of fresh news to discuss, especially of the bullish variety:
The USDA Outlook Conference is behind us, and those numbers will quickly be forgotten. They are, after all, long-term estimates. For example, the long-term corn numbers contained in last year's conference don't even resemble this year's. Corn ending supply projections a year ago were a billion bushels larger than the current situation. That is a...
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...
