The wait for the northern half of the U.S. and all of Canada to finally warm up looks like it will continue for at least another two weeks and maybe longer. This week's widespread snow and temperatures 20 degrees Fahrenheit below normal are starting to cause Northern Plains farmers to lose some sleep. It has been interesting to read some of the market commentary floating around relative to the Northern Plains that make zero sense. Here are two examples:
One commentary said that the heavy snow pack across the Canadian prairies will cause significant flooding in the Red River Valley if it melts quickly. That is geographically impossible. The Canadian prairies watershed has no impact on the Red River Valley because th...
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 €...
