THE OPEN July beans: 3 3/4 lower July meal: .50 higher July soyoil; 23 higher July corn: 2 1/2 higher July wheat: 3 1/2 lower Stocks and commodities were higher today as the Trump administration walked back comments towards China as regards the virus. Outside global markets were steady to higher, as countries set about the business of opening up economies once more. The key beneficiary of an operating economy is crude, which was sharply higher. Crude is often a proxy for other commodities, and today it offered up support for a turn-around Tuesday trade. Bean prices firm with another announcement of a sale to China. SOY
The opening feature in the soy complex was that of f...
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...
