The Market Large flash export sales, the smallest U.S. soybean production in five years, and the lowest domestic stocks in eight years could not overcome the surprise that USDA revealed with its November WASDE report. Yesterday’s mid-session announcement of more soybeans and a larger carryout erased some of the price gains made in recent days. There was follow through in that direction in today’s trading before reversing and ending in the green. For the week, January soybeans lost 4.24 cents while December meal and oil gained $7.30 and 1.84 cents, respectively.
The trend remains up despite today’s sour mood. China is worried about the weather in Brazil and seeking coverage. Over the next week, up to 40 percent of the B...
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...
