THE OPEN Nov beans: 5 lower Dec meal: 1.90 lower Dec soyoil: 6 lower Dec corn: 2 1/4 lower Dec wheat: 1 3/4 lower The markets opened lower but grains found a bid led by wheat. Wheat gained on corn with world production possibly heading lower and more business inquiries around. Corn was a follower of higher wheat. Buy wheat/sell bean and buy soyoil/sell meal trade were among the major trends for this trading session in a relatively low volume day of trade. SOY
The trading session resumed with higher oilshare values once again, and a good bid to the soyoil market. Stronger markets will not let you buy them, and for the day the strongest suppo...
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...
