This is Thanksgiving week in the U.S., and the markets will be closed that day. However, this holiday has other implications such as the following:
It is one of the busiest holiday travel periods of the year. It can be severely complicated by adverse weather because of winter conditions across the northern half of the country. It is always on a Thursday, which means Friday is a lame-duck day. Although markets will be open then, they will close an hour early with not many likely to be closely watching them.
Weather usually isn’t a factor for the markets during this time of year because growing season is done in the Northern Hemisphere and just getting started in South America. However, there seem to be more weather-related fact...
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...
