Overnight price action for grain and soy futures contracts was mixed with most trading both sides in a modest way. Volume was not impressive. The day session produced slightly greater price movement with the grains and soymeal trading higher, while soybeans and soyoil slipped lower. General Comments Overnight price action for grain and soy futures contracts was mixed with most trading both sides in a modest way. Volume was not impressive. The day session produced slightly greater price movement with the grains and soymeal trading higher, while soybeans and soyoil slipped lower. Commercial buying was noted in soymeal and wheat. Soymeal’s seasonal lows attracted considerable interest from users of cash meal. We are not sure why commercials...
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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Accountability and a comprehensive approach to export programming
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