The soy complex opened weaker than expected Sunday evening and really never looked back last night or today. November futures were down as much as 44-45 cents at one point today after closing higher last Friday. A friendlier forecast to start the month of August was credited with the sell-off. General Comments The soy complex opened weaker than expected Sunday evening and really never looked back last night or today. November futures were down as much as 44-45 cents at one point today after closing higher last Friday. A friendlier forecast to start the month of August was credited with the sell-off. Corn followed soybeans lower, but wheat held basically steady until the last few minutes of the session when it also turned lower.Crude oil w...
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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