The Market After hitting a seven-month low, soybeans rebounded this week, gaining 17¼ cents. It was soymeal dragging down the whole complex. There were a few deliveries of soymeal against the May contract and overall the July contract lost $6.30. July Soyoil gained 2.66 cents.
Speculators again cut their net long positions, though just by 37.3 percent, down to 36,874 contracts. Market Factors Russia, Ukraine, Turkey and the UN were discussing extension of the grain corridor agreement today but expectations are low. The EU imposed a ban on imports of sunflower, rapeseed, wheat and maize from Ukraine into five member states on the border until 5 June. Fediol complained that oilseed products are not banned and this wi...
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...
