THE OPEN Nov beans: 2 1/2 lower Dec meal: .80 lower Dec soyoil: 4 lower Dec corn: 3/4 lower Dec wheat: 3 higher The markets hinted at reversal trade off the highs with a poor morning close, but instead found some bottom-picking on a weaker bean start. Funds are modestly long and may continue to add to that position on trade talks and the weekend freeze that could have shut down production in the northern Corn Belt. Buy beans/sell corn and buy wheat/sell corn trade were featured into the early part of the trading session. Products were mixed with beans staging a comeback later in the session. SOY
The bean market may have found profit-taking at the start of the...
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...
