We are currently projecting a reduction in U.S. winter wheat acres. However, we see big differences between hard red winter (HRW) and soft red winter (SRW).USDA will release its next big series of reports a week from today on 10 January. These reports will include the final row crop production estimates (corn and soybeans), quarterly stocks estimates as well as the revised U.S. and world supply and demand estimates. It will also release its estimate of how many acres of winter wheat U.S. farmers planted last fall. The table below shows last year's winter wheat acreage numbers and WPI's guess today of what the government might tell us next week.We are currently projecting a reduction in U.S. winter wheat acres. However, we see big difference...
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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Accountability and a comprehensive approach to export programming
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