THE OPEN July beans: 2 1/2 lower July meal: 1.20 lower July soyoil: 3 higher July corn: 3/4 higher July wheat: 3 lower Prices opened as called but funds were back to selling the markets again after the open. The digestion of the May numbers still suggests that stocks could build, bringing a defensive tone to the market as weather remains neutral. Oilshare was firmer as prices once more went on the defensive. Wheat prices traded both sides of $5.00 after reaching new lows for the move down. SOY
The feature in the soy complex was that of firmer oilshare, as soyoil prices traded either side of even, with July prices back over 26c as has been the overall trend. A...
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...
