The battle for acres between soybeans and corn is well known but other crops are also considered by producers. For the top three cereal grain crops, there are wide ranging pros and cons to each one.
One of the largest influences on planting choice is net returns but agronomics, including moisture and heating degree days are key dictates. That is why Canada grows proportionally more barley, and the U.S. grows more corn. Collectively, the global winner over time has been corn. Over the past few decades, global barley production has increased by a little over 12 percent, wheat production has expanded by 34 percent, but corn output is up by almost 100 percent. ...
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...