Today’s trading went as expected with a low volume of business but that does not obviate the high interest in agricultural commodities as we move into 2022. Some would even say to ignore today’s session since relevance requires higher amounts of liquidity. Corn and soybean trading was at half its 5-day average volume, though pig traders were uniquely active in the pit. But today was relevant in that it was a placeholder with nothing weird happening. Trading ranges remained narrow, reinforcing that capital is comfortable where it is currently positioned. For the week, Chicago March wheat was the big loser, down 44 cents or 5.6 percent. Corn was down 12.5 cents and March soybeans minimally lost 2-cents.
However, it is th...
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...
