It was generally low volume in the futures market today as traders focus on the three-day holiday and the Goldman roll is no longer around to move the numbers. The brief respite is strongly welcomed after the frantic business of the past few weeks. Corn and the soy complex continued to trade higher today, while wheat paired back on its substantial gains of the past several days of trading.
Standouts in today’s action included new contract highs in corn in soyoil, and an HRS contract that went its own way in the overnight and then uniquely attracted higher volume in the day trade. The USDA Export Sales report was a mixed message. Corn exports were solid, despite cheaper South American prices, soybeans were down from the...
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...
