THE OPEN March beans: 1/4 lower March meal: 2.00 higher March soyoil; 64 lower March corn: 1/4 higher March wheat: 2 1/2 higher The markets opened as called with early morning profit-taking in the energy sector weighing on soyoil futures and oilshare. End-of-year adjustments were noted for corn and beans as well, with ideas that prices are now approaching the higher end of trading ranges. Trump tweeted that he would sign the initial trade deal with China at the White House on January 15, as well as planning to travel to Beijing at a later date to discuss phase two agreements. SOY
March soyoil led to the downside of trade, with prices following a sharply lower palm oil, energy,...
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...
