THE OPEN July beans: 5 3/4 lower July meal: 1.00 lower July soyoil: 30 lower July corn: 2 lower July wheat: 4 lower Prices started the day lower and continued to find pressure from a macro risk-off environment. Corn continued to find some short-covering activity off the lows. Negative comments from President Trump about retaliation against China for the virus continued to overhang many of the markets as trade concerns returned. A good open window for planting weather also weighed. SOY
The soy complex started the day lower with meal prices turning mixed. However, buyers were not willing to chase a bean rally, and the impact of the virus on the economy and feed, as we...
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...
