THE OPEN March beans: 4 1/4 lower March meal: .80 higher March soyoil: 61 lower March corn: 1/4 higher March wheat: 3 1/2 lower Prices opened as expected with the opening feature of the day that of firmer corn vs. beans, and meal vs. soyoil. More short-covering was noted in corn as futures traded towards its down-side gap left open on Monday. As the day progressed, corn futures continued to stay well bid, which helped wheat, but not beans. SOY
Meal prices continued to firm against soyoil with May crush firming to 1.04c/bu. Better US meal exports have been noted as troubles continue for Argentina's major crusher Vicentin, and the new and elevated tax structure. May oilsha...
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...
