THE OPEN Nov beans: 1 lower Dec meal: 1.20 lower Dec soyoil: 20 higher Dec corn: 2 higher Sep. wheat: 1 lower The markets opened as expected with corn prices seeing a round of short-covering off the AM announcements of biz to China. First notice day is Friday for August futures, as we hit the delivery period. Outside markets influenced price action with the Dow falling over 400 pts as bad economic numbers rolled in. December soyoil futures had a large break given its connection to crude, which broke the $40/barrel level during the early going as Covid fallout persists. SOY
The soy complex opened as called with soybeans trading higher on good new crop export sales. However, it...
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...
