THE OPEN May beans: 15 higher May meal: 5.40 higher May soyoil: 50 higher May corn: 4 higher May wheat: 6 1/2 higher The markets opened as called with wheat triggering buy-stops as prices traded above recent highs. Oilshare remained the leader on the board, traveling to new highs on vegoil strength. Buy bean/sell corn trade continues as the acreage fight heats up. SOY
The soy complex was led by soyoil once again, which opened on a steady note but traded sharply higher after the open. March soyoil trades above 50c to 5150c, levels not seen since 2014. Crude oil prices helped soyoil to firm, while canola futures took a time-out to consolidate some of its recent gains. ...
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...
