THE OPEN January beans: 7 3/4 higher December meal: 1.30 higher December soyoil: 30 higher December corn: steady December wheat: 1 1/4 higher Prices opened as expected though wheat slipped lower on the day, revealing itself as the weakest market technically. The soy complex again entered into weaker oilshare as traders bought meal and sold soyoil. A general risk-off tone is pervasive heading into the uncertainty of next week's elections. In macro impact, the higher US dollar continues to be a negative, mostly impacting wheat. SOY
The soy complex was mixed today as soyoil prices slipped lower due to traders buying meal/selling soyoil. Jan crush traded to 1.28c/bu, an...
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...