THE OPEN July beans: down 1 1/2 July meal: .90 higher July soyoil: 38 lower July corn: 1 1/4 lower July wheat: 4 lower Prices opened as expected but soon turned lower as funds came out selling once again. Crude oil prices dropped once more, which offered some light resistance to corn and soyoil futures. Oilshare weakened as soyoil demand is hit due to the virus, and building storage problems created more downside. SOY
Funds started the day by selling, with soyoil futures working lower on the back of weaker palm, (trading to new contract lows) and crude. July oilshare trades just below 31.0% to 30.95% where prices find some stability. July soyoil triggers...
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...
