THE OPEN March beans: 4 1/2 lower March meal: .60 lower March soyoil: 41 lower March corn: 1 lower March wheat: 3/4 lower The markets opened lower across the board, with stocks and commodities weaker, which produced an across-the-board day of selling activity from the open. However, lower prices quickly turned higher in the grains. Corn was the upside leader today in terms of more business announcements and technicals as prices remained higher, over key moving averages of $3.87 for the March contract. Buy corn/sell beans and wheat trade continued as corn shorts elected to get something covered in lieu of the larger commitment of trader's positions to the short side. SOY
The soy complex tra...
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...
