By Adam Graves, Global Risk Management Inc. If you are an avid follower of world agricultural developments, or follower of world weather trends in general, then you are well aware that 2020/21 has seen a La Nina weather pattern. In mid-December, Global Risk Management’s Patrick Sparks gave some insight into the “often referenced but frequently Continue Reading »
The USDA’s February Cattle on Feed Report Released Last Friday was Bearish on the Surface… and Even MORE Bearish Beneath the Surface. Here is Why…
By Michael Irgang, Global Risk Management Inc. The USDA’s February Cattle on Feed report estimated a February 1 feedlot inventory of 12.106 million head, 101.5% of a year ago and above average trade estimates of 100.9%. The reported ‘on feed’ number was also the second largest in the entire data series, which began in 1996. Continue Reading »
February USDA Supply/Demand Report – Ending Stocks Estimates too Conservative?
By Brian Harris, Global Risk Management Inc. The USDA released their February Supply/Demand updates for the corn and soybean markets on Tuesday and the changes were relatively minor. Current spot contract corn and soybean futures prices have risen 73% and 66% respectively since August of 2020 as stellar demand from China has tightened the balance Continue Reading »
