THE OPEN July beans: 1 3/4 lower July meal: 2.90 higher July soyoil: 22 lower July corn: 1 3/4 lower July wheat: 11 3/4 lower Prices opened lower and continued to grind into fresh trading range lows except for meal. Weaker crude pushed corn and soyoil prices lower, with the EIA report data continuing bearish as well. Funds continue to sell on fundamental and technical bearish chart considerations. Oilshare continued to weaken on a meal bounce vs. weaker soyoil futures. SOY
The soy complex features included higher meal vs. lower soyoil futures, and beans more or less in the middle. Meal prices rebounded, but overall remain in a large down-trend as the impact of...
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...
