It may have seemed that grain and soy futures markets took the day off. While prices veered very slightly lower overnight, they then traded both sides during today’s trading. General Comments It may have seemed that grain and soy futures markets took the day off. Prices veered very slightly lower overnight. They then traded both sides during today’s trading but stayed rather close to yesterday’s closes. Corn contracts finished the day fractionally lower while old crop soybean contracts closed fractionally higher. Soymeal dropped about $2.00, but soyoil gained 28 points as it continued to gain on meal. Chicago wheat closed up roughly a penny, and KC wheat was up close to 3 cents. The best that can be said about today’s price action is that...
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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