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feed-grains soy-oilseeds wheat

PM Post - In Ranges Ahead of WASDE

THE OPEN May beans:  12 higher May meal:  1.60 higher May soyoil:  81 higher May corn:  7 1/2 higher May wheat:  2 higher Prices opened higher as soyoil futures post new contract highs along with new highs in oilshare as well.  Meal remains the under-dog along with a mostly ignored wheat market.  Wheat prices lagged the pace with the US dollar trading into new highs for the move up.  Wheat is still not competitive, and trying to find that level will spark demand.   Corn prices firm today on the back of solid technicals and an advancing bean price.  Beans continue to be well supported on technicals, Argentine dryness, and the strong soyoil trend up.  The new crop bean/corn rat...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.315/bushel, down $0.0275 from yesterday's close.  Dec 25 Wheat closed at $5.5025/bushel, up $0.0675 from yesterday's close.  Jan 26 Soybeans closed at $11.215/bushel, down $0.1275 from yesterday's close.  Dec 25 Soymeal closed at $317.4/short ton, down $3...

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From WPI Consulting

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