THE OPEN Nov beans: 1 higher Dec meal: 1.00 higher Dec soyoil: 12 lower Dec corn: 1 1/2 higher Dec wheat: 2 higher The markets opened as called but after an effort to push lower in the PM session did not materialize funds set about the business of covering in some of their short position, the catalyst being that of higher than expected export sales for beans, corn, and meal. The reaction after the report was for these markets to firm to a steady close. Producers are watching the rally, but selling ideas are higher than current price activity. SOY
Bean prices worked higher after holding key support at $8.85, while oilshare continued a minor downward correction. ...
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...
