THE OPEN November beans: 2 higher December meal: .60 higher December soyoil: 21 higher December corn: 1 1/2 lower September wheat: 2 3/4 lower The markets opened on a mixed note, but weakness in soyoil and wheat weighed on prices elsewhere. Bean inverses remained well bid as more business announcements came through. Oilshare was weaker. Buy bean/sell corn trade continued. SOY
The soy complex opened as called but prices soon turned mixed as December soyoil futures traded both sides of unchanged. Nearby bean spreads continued to strengthen as good demand vs. ideal weather continued to play out. August/Nov beans traded to 5 1/2c inverse with Sep/Nov moving...
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...