THE OPEN Nov beans: 2 1/2 lower Dec soyoil: 18 higher Dec meal: 1.30 lower Dec corn: 2 1/2 lower Dec wheat: 4 1/2 lower Prices opened as called but today was a risk-off day in general with heavy losses in the stock market and a higher US dollar providing market weight. Soyoil prices worked higher as oilshare corrected on a positive crush report and more talk of a biofuels deal. SOY
The soy complex opened on a weaker note but certainly macro elements played into today's setback. Though prices worked lower, they certainly did not "fall apart" by any means, with lower key support levels intact. The key feature in the soy complex was tha...
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...
