Soybeans, corn and wheat opened better than expected Sunday evening, and volume overnight was fairly strong in all three markets .USDA's announced sale of 163,00 MT of corn to Mexico this morning didn’t thrill the corn market, which seems focused on certain potential estimates. General Comments Soybeans, corn and wheat opened better than expected Sunday evening. Volume overnight was fairly strong in all three markets as forecasts turned a bit warmer and drier over the weekend.Last Friday’s Commitment of Traders report showed that funds started this week short 129,000 contracts of Chicago wheat futures, 105,000 contracts of corn and 17,000 contracts of soyoil. They were long 106,000 contracts of soybeans and 57,000 contracts of...
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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