THE OPEN Nov beans: steady Dec soyoil: 13 higher Dec meal: .60 lower Dec corn: 4 lower Dec wheat: 1 lower Prices started the day as called with wheat once again placing new highs for the move up. Wheat prices found a bid with prices jumping to new highs, providing spillover support for corn. The soy complex traded higher as funds bought beans/sold corn. SOY
The soy complex remained well bid after the open led by beans/meal. Oilshare corrected down to 33.0% with crush firming to 79c/bu. Nov beans found buying interest out of the gate as Dec meal bounced off lower support at $306.00. Export sales gave beans a boost as they were at the highes...
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...