Corn actually behaved pretty well today, considering soybean futures were putting in new contract lows and wheat was also weak. Weekend rains coupled with no hint of frost in the forecasts just lets corn leak lower. General Comments The Sunday evening trading session was delayed two hours due to technical problems at the CME. Markets opened lower with the exception of small strength in September soybean and soymeal contracts. Otherwise, good rains and no adverse actions between Ukraine and Russia over the weekend again pushed everything lower. Funds started to liquidate their long September soybean and soymeal positions at mid-morning, which collapsed those markets the balance of the day.Financial markets, on the other hand, enjoyed anot...
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...
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