- It’s been such a long time since grain and oilseed markets have made limit moves higher or lower that a review of those limits might be warranted. Remember that they are now variable and can be changed by the CME (depending on market volatility and recent price ranges). Following are the current daily limits:
Corn: 25 cents (50-cent daily range) Soybeans: 65 cents ($1.30 daily range) Chicago wheat: 35 cents (70-cent daily range) KC wheat 35 cents: (70 cent daily range) Minneapolis wheat: 65 cents ($1.30 daily range)
This isn’t to suggest that we’re headed toward limit moves in futures markets, but the severe delays in planting corn and soybeans are setting the stage for that possibility at some point. - Market...
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...
