We have been away from markets for a few days, so we missed a lot of the most recent price volatility. As we return and try to get up to speed again, here are a few things that seem to us to stand out:
USDA calls the corn crop 96 percent planted as of 20 May, which is fabulously early. It is 15 percent above the average of the last five years. The rapid pace of planting is due to the early spring warmth across the entire Corn Belt along with few weather interruptions to cause planting delays. Good planting conditions by definition are conditions that also promote early emergence and early plant growth. Thus, it is not too surprising that USDA's first weekly corn crop condition report of the 2012 growing season showed that as of 20 Ma...
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 €...
