THE OPEN November beans: 4 1/2 higher December meal: 2.90 higher December soyoil: 5 lower December corn: 3/4 lower December wheat: 1 1/4 lower The markets opened as expected with further new highs in beans and profit-taking in oilshare. Meal prices broke out to the upside after seeing very subdued price action for most of the week. Corn prices continued to back away from morning highs trading into the red. Poorer weather forecasts, strong overseas markets, and continued demand from China held prices in check as grains and soyoil entered into more back and fill trade. SOY
The soy complex opened as called with profit-taking in oilshare. December meal prices tra...
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...
