It was another day of volatile price action in the soy complex. This time around, much of the market’s strength occurred during the overnight session. Meanwhile, wheat was actually the price leader in the day session. General Comments It was another day of volatile price action in the soy complex. This time around, much of the market’s strength occurred during the overnight session, especially after European businesses opened for the day. July soybeans traded in a 42 cent range today from about 25 cents up to 17 cents down. A new high of $11.6325 was posted overnight. November soybeans traded in a much more modest 21 cent range, but that contract also hit a new high of $10.895 overnight. Not to be outdone, July soymeal swung in a $21 rang...
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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