The only markets that could hold gains today were September soybean and soymeal futures. Corn and wheat traded lower most of today's session with the new crop soybean contracts down as well. General Comments Markets opened last night with corn steady and wheat and soybeans slightly higher. There were many things to consider heading home for the weekend:
It is a long holiday weekend in the U.S., the last of the summer. Markets will not open again until Monday evening. Three days is a long time for events to unfold in the Black Sea between Russia and Ukraine. That left more uncertainty for wheat than for corn or soybeans. Weather is somewhat of a factor over the long weekend as well. Australia and parts of Argentina need rain. The nort...
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...
