THE OPEN Nov beans: 5 3/4 lower Dec meal: 1.50 lower Dec soyoil: 17 lower Dec corn: 1/4 lower Dec wheat: 2 3/4 lower Prices opened as expected with corn once again holding above recent lows even as fund selling hit the bean market at the start of day. Buy grains/sell soy trade surfaced at the open, along with meal improving on soyoil trade. Trade was fairly quiet as prices found buying interest on breaks with funds continuing to cover in some of their short positions. By midday, corn continued to hold in but the other markets traded lower on the day. SOY
The soy complex opened as called with prices trading lower on the day. Soy...
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...
