THE OPEN November beans: 3 higher December meal: 2.20 higher December soyoil: 32 lower December corn: 1 1/4 lower December wheat: 1/2 higher The markets opened as called with new highs in beans and meal, but corn and soyoil struggling as they remain the energy related markets. November bean prices continue to find good support on pullbacks with more business announced this AM. Spreads remain mostly firm. Into the midday hour beans and meal resumed their climb to new market highs. SOY
The soy complex opened into higher bean trade as November placed a high for the move at the start of the day at $9.79 3/4 before encountering a quieter congestive trade. December...
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...
