Trading was mixed at the CBOT with soybeans jumping higher on Presidential news of financial aid for farmers and corn declining on excellent conditions ratings yesterday. Wheat futures were mixed as the market pauses amid its recent rally. Despite a largely neutral Cattle on Feed report, live cattle and feeder cattle futures dropped today, which perhaps exacerbated selling in the hog market. Wall Street is higher with the Dow and S&P 500 pushing higher while the VIX and U.S. Dollar index are steady/higher. COMEX gold futures are lower while crude oil prices are up.
Corn December corn lost 5 ¼ cents today as better-than-expected crop conditions in yesterday’s USDA report pressured the market. Despite the sel...
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...
