It was a quiet Sunday night opening with markets all slightly lower. Trading volume was also average or less both last night and today. The only difference during today’s session was that corn, wheat and soybean futures all slowly gravitated toward unchanged. Weekly export inspections were down from the previous week. USDA did make the following export sales announcements this morning:
1.1 MMT of old crop (2018/19) and 541,000 MT of new crop (2019/20) corn to Mexico 125,000 MT of new crop (2019/20) soybeans to “unknown”
Funds reportedly started the week short 19,000 contracts of Chicago wheat and 36,000 contracts of soybeans but long 36,000 contracts of corn. USDA will release its December WASDE (supply and demand...
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...
