THE OPEN July beans: 12 3/4 lower July meal: 3.20 lower July soyoil: 57 lower July corn: 5 lower July wheat: 7 1/4 lower Prices opened lower as expected with beans punished the most given the exposure to heightened rhetoric from the Trump Administration that could threaten the Phase One deal. Wheat prices recovered after the open as traders bought wheat/sold beans and corn. A faster-than-expected planting pace is expected in the crop progress report after the close, which also added to a bearish mindset. In headline news items, Tyson Foods stated that the coronavirus would continue to limit US meat supply. SOY
The soy complex opened weaker with fund selling at the open for bea...
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...
