THE OPEN November beans: 6 1/4 lower December meal: 2.30 lower December soyoil: 13 higher December corn: 3 lower September wheat: 5 3/4 lower Fund selling started during the night session and continued in the opening session on a combination of better ratings and continued ideal weather. The producer survey put out by one firm which hiked yields to new highs over 180.0 bpa in corn and 50.1 bpa in beans created the new wave of selling. No doubt that the corn short will continue to build while bean longs may lighten up. Oilshare remains well supported as meal prices head back towards contract lows, while soyoil futures setback but do not fall apart. SOY
Fund selling i...
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...
