THE OPEN Jan beans: 15 higher Dec meal: 450 higher Dec soyoil: 1.03 higher Dec corn: 8 3/4 higher Dec wheat: 12 higher The markets opened higher as anticipated with solid closes and positive technical price action bringing more buying to the table. Funds purchased the open, and more into the session. Good export sales and new fund inflows resulted in new ctr highs in the soy complex and higher trade for grains. Higher outside markets set the stage for a macro day of fund buying as the US dollar trades down to its recent lows. SOY
Good export sales, an expected friendly USDA report, and dry weather in Brazil and Argentina continued to underpin beans, which once again regai...
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...
