THE OPEN July beans: 2 3/4 lower July meal: .50 lower July soyoil: 7 lower July corn: 3/4 lower July wheat: 1/4 lower Prices opened as expected, with a series of business announcements not offering any support as chatter / rumors/ confirmations seemed to be already factored into current trading ranges. Corn ran into better farmer movement on the corrective bounce this week, while recent bean bulls took something off the table in front of the weekend. May options expire at the close of business today, while first notice day for May futures will arrive next Thursday. SOY
The soy complex broke from the start of the day as traders took opening strength to get something...
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...
