THE OPEN March beans: 1/2 lower March meal: 1.40 lower March soyoil: 19 higher March corn: 1/4 higher March wheat: 4 higher Prices opened as called with short-covering an opening feature of trade, which was followed by two-sided trade. Funds are going into the long weekend long an estimated 40K wheat, short 60K beans, and short 80K corn. Traders will be watching South American harvest, signs of Chinese Ag purchases, and the numbers at next week's Outlook Forum on the 20th. SOY
The soy complex featured choppy price action with a stronger soyoil vs. meal market at first, followed by lower price action for beans and products. Open interest in beans and meal inc...
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...
