THE OPEN July beans: 6 lower July meal: .90 lower July soyoil: 13 lower July corn: 3/4 lower July wheat: 3/4 lower Prices opened lower with more downside pressure in beans as traders await Trump's comments regarding China this afternoon. Oilshare firmed with more buy corn/sell bean and buy wheat/sell corn spreading. Export sales were light for corn and beans, with China purchasing 180 kmt of sorghum, 191 kmt of old crop and 200 mt of new crop beans, and 6.1 mt of pork. SOY
The soy complex opened lower as expected with beans quickly breaking down towards the lower end of recent ranges once again. Poor export sales numbers and negative ideas regarding China weighed. &n...
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...
