Soybeans are supposed to be weakening as the demand leaves North America and crops in South America continue to look good. The problem is that the demand has yet to shift south. General Comments Corn and wheat markets were steady to slightly higher in the Sunday night session with soybeans lower. That's how the morning session opened, but there was an old crop soybean sales announced (140,000 MT to unknown). The weekly soybean export inspections were again well above expectations, and the weather forecast in Argentina took the rain out for later this week. That started a resumption of buying in the soybean market that almost took the March contract back to $13. Corn and Chicago wheat meandered around most of the session with little change...
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...
Illuminating the value of technical research
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