These reports will set the tone for the markets until and unless weather changes the dynamics of the yield estimates, but USDA's corn and soybean production estimates for Brazil and Argentina might actually capture the most attention. USDA will release an important series of reports at 12 noon (DST) tomorrow, which will include:
2016 U.S. winter wheat production Initial 2016/17 supply and demand estimates for U.S. wheat, corn and soybeans Revised world crop production estimates
These reports will set the tone for the markets until and unless weather changes the dynamics of the yield estimates. Weather hasn’t been as perfect as the past two years, especially in Brazil where it turned hot and dry during the pollination period of the s...
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...
