THE OPEN November beans: 1 lower December meal: .20 lower December soyoil: 23 lower December corn: 1/2 lower September wheat: 3 lower The markets opened defensively and continued to head lower despite the announcement of beans sold to China. Funds are liquidating bean length into the report on Wed. as weather conditions remain ideal. Wheat markets continue to trade lower having broken below the important $5.00 benchmark. Beans were lower as growing conditions are ideal, and tensions continue between the US / China. This morning it was reported that President Trump will move to sanction Hong Kong's Executive Lam and other Chinese officials. SOY
The soy complex traded lower...
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...
