The Market The switch in early August to more promising weather for U.S. soybeans has now turned back hot and dry with reasonable impacts on prices. For the week, November soybeans gained 2.5 percent, but December soymeal added 6.6 percent. Soyoil got left out of the small rally and declined 1.15 percent. Soymeal is likely to continue having fun as a byproduct of renewable diesel production, it will be priced to move on global markets.
Global oilseed prices rose in July and the Chicago December soybean contract is up over 3 percent at this point in August. Demand is stagnant but adverse U.S. production impacts are expected from a hot and dry summer. ICE canola prices are down despite stress in Canadian production areas. Sunoil pri...
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...
