GOOD MORNING, Prices continue to congest and define their trading ranges. Beans are firmer with reports of China hanging around the bean market once again, perhaps due to the lower export basis last week. Cash markets last Friday were slightly weaker for corn and beans. In terms of reports, we get the October NOPA crush report at 11:00 central time. Advertised expectations are for crush to come in at 177.2 mln bu, (which would be the largest Oct. crush on record), vs. 161.49 mln bu in Sep. Soyoil ending stocks are forecast at 1.448 bln lbs vs. 1.433 bln lbs, and vs.1.423 year ago. Argentina's politics come to the fore, with stalled salary negotiations involving the crusher's uni...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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