THE OPEN March beans: 2 higher March meal: .40 higher March soyoil: 20 higher March corn: 1 3/4 higher March wheat: 4 1/2 higher The markets opened the day on a firm note as called, but bean prices quickly turned two-sided with March meal dropping to new lows triggering sell-stops. Buy grains/sell soy trade emerged, with wheat rallying. March wheat maintained strength on a technical basis, while oilshare firmed on meal weakness vs. soyoil price strength. SOY
The soy complex trade was choppy, with funds selling beans and meal from the opening bell. March beans traded down through $9.50 again, while March meal sliced through key support at $300.00, triggering sell-stops and a move to the low...
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...
