Many in the trade are still skeptical that the corn and soybean yields can be as big as the August estimates and pre-report estimates for the September report, and there are two primary reasons why.The key numbers in the USDA reports to be released at 12 P.M. (EDT) on 12 September will of course be the corn and soybean yield estimates followed by the supply and demand revisions. Following are some things to consider:
The WASDE (supply/demand numbers) will incorporate the NASS crop production estimates (there apparently has been some confusion regarding the basis of the former’s numbers). There could be some planted/harvested acreage adjustments within the yield/production estimates, but these will more likely be incorporated in the Octo...
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...