Wheat actually led the grains complex higher as soybeans and corn turned lower. The KC-Chicago wheat spread remains strong with higher values likely given the weather in one particular region. General Comments A stronger tone started the overnight session as wheat and soybeans took a bullish lead. May corn was a more reluctant follower, although the contract climbed a few cents during the session and closed 1.5 cents higher. May soybeans were up 6.5 cents, and May Chicago wheat posted an impressive gain for Sunday night of 7.75 cents.International prices were higher to start the week as continued tightness in Malaysian palm oil stocks pushed the April contract 30 ringgits higher. RBD palm olein has been reversing its downtrend on the Dali...
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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