THE OPEN March beans: 2 higher March meal: 1.50 higher March soyoil: 40 lower March corn: 2 lower March wheat: 3/4 lower The markets opened as expected with more short-covering and bull-spreading in the bean market continuing, while funds were noted liquidating more of their long wheat trade. Buy beans/sell corn and wheat continued for most of the trading session, along with weaker oilshare as the coronavirus threatens palm oil demand. Palm oil was sharply lower, which created a weaker tone in soyoil. SOY
The soy complex was mixed with higher beans and meal against a struggling soyoil market. Helping to take pressure off the bean market a bit was a lack of selling...
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...
