USDA will release its May supply and demand revisions (WASDE) this Thursday at 7:30 a.m. CDT. This report has been the subject of much market chatter for several weeks because it will represent some major changes in old crop/new crop ending supply numbers for corn and soybeans. It will be the first "official" look at 2012/13 numbers for corn, soybeans and wheat. USDA/NASS will also release their first "official" U.S. 2012 winter wheat production estimate. Here are some of the key discussion points leading up to this week's reports: Corn
Will the old crop export forecast be increased and old crop ending supplies lowered? Export sales, especially to China, have been very strong recently. Will USDA raise the expected corn yield to an al...
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 €...
