THE OPEN July beans: 2 lower July meal: steady July soyoil: 16 lower July corn: 1/4 lower July wheat: 2 lower The markets opened as called with unwinding of previous buy soy/sell grain trade. Corn prices saw a short-covering rally as bean prices remained under pressure. Funds continue to build a net short in corn, but oversold extremes prompted a few to take off positions. Cool and wet weather continues in the southern regions, which could take away from corn and add to bean acres. SOY
Beans and soyoil opened lower, with beans selling off quickly on the back of poor export sales. China is said to be once again purchasing beans out of Brazil, as they a...
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...
