On the doorstep of corn and soybean harvests, farmer selling across the country remains very limited. There are several reasons why.On the doorstep of corn and soybean harvests, farmer selling across the country remains very limited. Not only are futures markets for corn, soybean and wheat weak, so are basis levels. That is a very bad combination for a farmer on the eve of what the USDA says will be a very big corn and soybean harvest.The spring wheat and winter wheat harvests are now finished. Those crops are under cover, and it is doubtful that farmers will be anxious to sell much for the next several months for a number of reasons, including the following:
Minneapolis futures have dropped more than $2.00/bushel since the 5 July spike...
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...
