THE OPEN July beans: 4 1/2 higher July meal: .50 higher July soyoil: 25 higher July corn: 5 1/2 higher July wheat: 1 3/4 lower The market opened in line with expectations as key features were short-covering in corn and soyoil, (associated with a more stable crude oil market), and higher oilshare. Short-covering in corn triggered buy-stops throughout the trading session, taking prices into key resistance levels. Corn gained on both beans and wheat. SOY
The markets opened as expected with soyoil gaining on meal on the back of higher energies. Palm, crude, and canola prices were all higher. July crush trades to 88.51c/bu while oilshare trades back up to 30.85%. Meal pr...
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...