Every week seems to be a key week in markets these days, but next week has the potential to be especially important for several reasons.
Markets can't ignore the weather much longer. If the eastern and southern Corn Belt do not get rain next week, yield estimates will have to be decreased, and possibly quite sharply for corn. Corn has started to pollinate in central Illinois, and that isn't a good thing with little or no topsoil moisture and little rain in the forecast. Yield girth and kernel count is formed before pollination actually begins, so there is little question yields have been hurt across some major producing areas. Soybeans might have a bigger window to receive beneficial precipitation, but second crop soybeans are being...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
