THE OPEN November beans: 1 lower December meal: .80 lower December soyoil: 24 higher December corn: 1 higher December wheat: 2 3/4 lower The markets opened as called with new highs in soyoil while wheat futures entered into weaker trade. Traders were back to buying soyoil/selling meal and buying corn/selling wheat. Double digit losses in wheat created pressure elsewhere on the board during the session. SOY
The main feature in the soy complex was that of firmer oilshare as soyoil futures derived support from higher palm oil and firmer canola trade. December oil, which had been firm since finding support at 3120c, traded to new market highs at 3191c. October oilshare...
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...
