THE OPEN March beans: steady March meal: 1.80 lower March soyoil: 33 higher March corn: 3 3/4 lower March wheat: 8 lower Prices turned lower on the day from the open as gaps filled with weaker trade triggered more selling pressure. March meal, which was the weaker market at the outset, continued to hold near contract lows as commercial pricing interest continued to run high. However, even meal set a new contract low as pressure resumed across the soy and grain space. SOY
The soy complex started the day on a mixed note but soyoil liquidation and fund selling in the bean market set the tone for a weaker session. Funds sold beans from the start while meal prices traded to new contract...
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...
