Markets were mixed overnight and again today. The night session ended with wheat up 9-11 cents, corn steady to a half-cent higher and soybeans down 5 cents. There was none of yesterday’s excitement in the soy complex today. It seems the trade settled back to thinking it might still take a minor miracle to reach a fast agreement with China. There was another bullish wheat story overnight about Russia considering a limit on wheat exports, and that got the wheat markets juiced again today. The Pro Farm corn and soybean crop tour takes place next week, and it will provide some trading grist for the market as attempts will be made to use its yield reports to gauge participants’ views of last week’s USDA yield estimates. U.S...
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...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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