The weekly export inspections numbers were released and showed that 56.5 million bushels of soybeans were exported during last week's holiday-shortened week with 44 million bushels going to China. General Comments Markets were firm overnight except for wheat and traded firm all day today. Wheat was higher early but lost any gains and closed mixed. There was some news around the markets:
The index roll will start Wednesday, and some believe that will mean some sizable buying in the corn market. It was bitterly cold all the way into Texas today. Schools were closed in every state from Minnesota to Texas. It was -4°F in Enid, OK this morning. Temperatures will stay cold again tonight and tomorrow. Egypt bought 535,000 MT of wheat from U...
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...
