Agricultural markets opened steady to a fraction lower Sunday night, but soybean futures were trading good gains within the first hour. The buying across the soy complex didn’t let up overnight or today, and wheat tried to make a run of its own. General Comments Agricultural markets opened steady to a fraction lower Sunday night, but soybean futures were trading good gains within the first hour. The buying across the soy complex didn’t let up overnight or today. Soybean futures closed 22.75-27.5 cents higher and within a few pennies of the day’s highs. Corn tagged along with very modest 3.25-4.25 cent gains. Wheat started firm but broke at mid-morning and finished lower. Volume overnight was good. Today’s volume was so-so for corn and so...
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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