USDA today released the monthly Cattle on Feed (COF) report for 1 March. It showed the total inventory in feedlots of 1,000 head or more capacity was 1.8 million, the 27th straight month of year-over-year increases. Marketings were essentially flat, up only 8,000 head (or less than a half-perc...
Corn and wheat markets were firm overnight, while the soy complex was weaker. That was the pattern for much of today’s markets as well. Cool, wet weather and perhaps the worst flooding across parts of the Corn Belt ever are elevating concerns about a slow start to the corn planting season...
May 19 Corn closed at $3.7825/bushel, up $0.02 from yesterday's close. May 19 Wheat closed at $4.66/bushel, down $0.005 from yesterday's close. May 19 Soybeans closed at $9.0375/bushel, down $0.0675 from yesterday's close. May 19 Soymeal closed at $315/short ton, down $0.3 fro...
USDA estimates: Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.8 million head on March 1, 2019. The inventory was 1 percent above March 1, 2018. Placements in feedlots during February totaled 1.86 million...
Corn and wheat markets were firm overnight, while the soy complex was weaker. That was the pattern for much of today’s markets as well. Cool, wet weather and perhaps the worst flooding across parts of the Corn Belt ever are elevating concerns about a slow start to the corn planting season...
May 19 Corn closed at $3.7825/bushel, up $0.02 from yesterday's close. May 19 Wheat closed at $4.66/bushel, down $0.005 from yesterday's close. May 19 Soybeans closed at $9.0375/bushel, down $0.0675 from yesterday's close. May 19 Soymeal closed at $315/short ton, down $0.3 fro...
USDA estimates: Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.8 million head on March 1, 2019. The inventory was 1 percent above March 1, 2018. Placements in feedlots during February totaled 1.86 million...
A great deal of proverbial water has passed under the bridge since WPI wrote about our initial soybean outlook for MY 2019/20 on 14 January Not very much has been good for U.S. soybean or soymeal export demand. There is still no trade deal between the U.S. and China, although most analysts beli...
Failed Tomato Farmers The most efficient way to grow tomatoes is in greenhouses or hot houses. Most Mexican tomatoes are grown this way, but Florida growers have failed to adopt this form of protected agriculture, and the result is that their domestic market share has fallen to 41 percent. They...
A great deal of proverbial water has passed under the bridge since WPI wrote about our initial soybean outlook for MY 2019/20 on 14 January Not very much has been good for U.S. soybean or soymeal export demand. There is still no trade deal between the U.S. and China, although most analysts beli...
The overnight session continued the recent trend of low trading volume and narrow, mixed price movement. This occurred as traders await developments from next week’s high level trade negotiations in Beijing as well as the 29 March quarterly stocks and initial acreage reports from USDA. Ac...
Two new reports out this week present government policymakers with informative but confusing insights on public perceptions. The United Nations issued its seventh “World Happiness Report,” and the OECD issued a first “Risks that Matter” tome. The volumes rely heavily on...
The release tomorrow of USDA’s Cattle on Feed report gets the monthly series back on schedule after the government shutdown. It will show the total number of cattle on feed as of 1 March (the 1 February report was released two weeks late on 8 March). Pre-report forecasts peg the total inv...
Grain/soy futures and cash markets have maintained a relatively low price profile for two years or more. Low grain and soy prices have been a major contributor to the low net U.S. farm income during 2017 and 2018. This is not to say that markets have been devoid of price rallies. There have bee...
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