THE OPEN July beans: 3 higher July meal: .40 higher July soyoil: 21 higher July corn: 1 1/2 higher July wheat: 1 higher The markets opened as called but turned mixed after the open as more headlines emerged about possible sanctions for China in lieu of the Hong Kong crackdowns. Meal prices dropped back towards current contract lows as overall feed demand continues to suffer. Rabobank forecast that Southeast Asian feed demand could drop by 5.5% year over year with economic fallout from the coronavirus limiting animal protein consumption in Vietnam, Indonesia, Malaysia, Philippines and Thailand. SOY
The main feature in the soy complex was that of higher oilshare. August crush trades down to 83c/bu...
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...
