THE OPEN Jan beans: 5 3/4 higher Dec meal: 4.40 higher Dec soyoil: 10 higher Dec corn: 1/4 higher Dec wheat: 1 1/2 lower The markets opened as expected with wheat prices turning lower but the soy complex trending higher as dryness concerns continue in SA. The soy complex remained firm as pullbacks continued to see buying interest. Lower trade guesses heading into the November report and higher exports continue to add interest in buying the market. Funds remain long everything as an increase in animal herds in China and a late planting season in SA keep uptrends intact. SOY
The soy complex traded higher on the day with meal gaining on soyoil prices. December m...
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...
