Wheat and corn were lower overnight, and the soy complex was firm. The weakness in wheat was caused by a bigger-than-expected fund long position coupled with a chance for rain in eastern Australia. Soybeans were firm on continued trade optimism. Corn was confused over whether to follow wheat or soybeans, and it chose wheat. Funds were sellers of corn and wheat but light buyers of soybeans. The Pro Farmer corn and soybean tour began today. Early reports were widely scattered but generally good. U.S. equity markets were firm today as was crude oil.
Corn FUTURES Sharp losses in the wheat markets coupled with some weekend rain across parts of the western Corn Belt held the corn market steady to lower today. Weekly export in...
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...
