Soybeans ripped sharply higher on the opening Sunday night based on less-than-expected weekend rainfall. That early rally was the high for the night and also today’s session with selling gradually starting to push prices lower. General Comments The soy complex started the Sunday evening session sharply higher with gains in soybean futures of as much as 20-24 cents in the first 30 minutes of trade. That early bulge was the high point for the night as well as today’s session. Selling slowly accelerated and eventually took July soybean and soymeal lower with new crop levels just slightly higher by mid-morning. Corn, however, ignored the slump in the soy complex. It traded 15 higher early in today’s session and held gains of 8-12 cents much o...
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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