Grain and soy complex prices firmed in overnight trade with the complex getting a big boost from the surging Dalian (DCE) soymeal contract, which closed up the equivalent of more than $21/MT. General Comments Grain and soy complex prices firmed in overnight trade with the complex getting a big boost from the surging Dalian (DCE) soymeal contract, which closed up the equivalent of more than $21/MT. Today’s Dalian soymeal trading volume was over 6.82 million contracts, a new record. Each Dalian meal contract is 10 MT versus the CME’s meal contract that trades in 100 ST units. Nevertheless, on soymeal tonnage volume basis, today’s DCE soymeal trade was almost five times larger than Wednesday’s meal tonnage traded at the CME. This helped keep...
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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