The Sunday night markets opened almost exactly steady and traded that way for the first two to three hours. They then finished that session with wheat down 3-4 cents, soybeans down 6-7 cents and corn steady to a half-cent lower. The very light volume overnight extended into today’s early trade, which saw the soybean market break hard with wheat close behind. Corn managed to trade just 1-2 cents lower for most of the morning and then finished the day down 1.75-2.5 cents. Funds were aggressive sellers today. Markets will be closed this Thursday for the U.S. Thanksgiving holiday. They will re-open 9:30 a.m. (EST) Friday and close an hour early that day. This means many traders will be absent from sometime Wednesday until the following M...
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...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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