The CBOT/CME markets will be closed on Monday, 4 July in observance of the U.S. Independence Day holiday. Please note that the next Ag Perspectives will be published on Tuesday, 5 July. The WPI staff hopes everyone has a wonderful holiday...
Friday Trade Policy Shorts EU Procedural: Jurisdictional issues arise as the pesticide restrictions proposed in the EU fall under DG-Sante, but the funding to support the policy change is in the CAP managed by DG-Agri, with the later not invited to the key meetings. Plus, the EU Parliament&rsqu...
Despite high gas prices, the American Automobile Association (AAA) is predicting heavy travel over this long weekend for the 4th of July holiday, forecasting the total to be roughly equal to 2019, prior to COVID. A few factors are at play for increased car travel: after two years of...
Soybeans did not beat corn after all in the annual battle for acres. USDA’s Acreage report this week revealed that 88.33 million acres will be planted to soybeans, which is up 1 percent from last year but down nearly 3 percent from the implied sowing in the March planting intentions repor...
Friday Trade Policy Shorts EU Procedural: Jurisdictional issues arise as the pesticide restrictions proposed in the EU fall under DG-Sante, but the funding to support the policy change is in the CAP managed by DG-Agri, with the later not invited to the key meetings. Plus, the EU Parliament&rsqu...
Despite high gas prices, the American Automobile Association (AAA) is predicting heavy travel over this long weekend for the 4th of July holiday, forecasting the total to be roughly equal to 2019, prior to COVID. A few factors are at play for increased car travel: after two years of...
Soybeans did not beat corn after all in the annual battle for acres. USDA’s Acreage report this week revealed that 88.33 million acres will be planted to soybeans, which is up 1 percent from last year but down nearly 3 percent from the implied sowing in the March planting intentions repor...
Dec 22 Corn closed at $6.075/bushel, down $0.1225 from yesterday's close. Sep 22 Wheat closed at $8.46/bushel, down $0.38 from yesterday's close. Nov 22 Soybeans closed at $13.9525/bushel, down $0.6275 from yesterday's close. Dec 22 Soymeal closed at $389.2/short ton, down $17...
The CBOT was sharply lower to end the week with traders taking risk off the table amid Thursday’s post-USDA report weakness and a three-day weekend looming. Soybeans were the downside leader despite the surprising reduction in acreage that USDA reported Thursday as funds were simply in a...
Dec 22 Corn closed at $6.075/bushel, down $0.1225 from yesterday's close. Sep 22 Wheat closed at $8.46/bushel, down $0.38 from yesterday's close. Nov 22 Soybeans closed at $13.9525/bushel, down $0.6275 from yesterday's close. Dec 22 Soymeal closed at $389.2/short ton, down $17...
Trading was mostly lower before USDA released its Acreage and Stocks reports at noon eastern time today. The reports could have been market movers but much of what they said was already expected to some degree. Once released, they confirmed the bearish tone that was already in play but was poss...
Staying in Lanes Under ideal governance, elected legislatures create the principles of public policy. For example, pesticides should be used when proven scientifically safe and banned when proven harmful. Regulators then implement those principles using expertise uniquely held by impartial expe...
Dec 22 Corn closed at $6.1975/bushel, down $0.34 from yesterday's close. Sep 22 Wheat closed at $8.84/bushel, down $0.46 from yesterday's close. Nov 22 Soybeans closed at $14.58/bushel, down $0.2025 from yesterday's close. Dec 22 Soymeal closed at $406.7/short ton, down $0.3 f...
As previewed on Tuesday, USDA released the quarterly Hogs and Pigs report yesterday. The report was neutral, coming very close to pre-report expectations. The inventory of all hogs and pigs as of 1 June was 72.5 million head. Compared to the last quarter, both the total inventory o...
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