THE OPEN July beans: 4 higher July meal: 1.90 higher July soyoil: 10 higher July corn: 1 1/2 lower July wheat: 4 1/2 higher The markets opened as expected as corn returned as the "sell" leg today. The wheat market rebounded on short-covering and calls for Russia to see reduced production. Wheat /corn and bean/corn spread activity continued for the majority of the day. As the session progressed, the wheat market put in a sizable rally on short-covering, pricing, and bargain hunting. SOY
The soy complex traded higher today led mostly soyoil, as crude oil prices continue to show signs of stabilization. Funds remain slightly short soyoil which helped to fuel a bounce as prices atte...
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...
