THE OPEN November beans: 4 lower December meal: 1.80 lower December soyoil: 25 higher December corn: 3/4 lower September wheat: 5 1/2 higher The markets opened as expected. Trade chatter about possible record corn and bean crops weighed on those markets, while more positive technical trade kept wheat and soyoil supported at the open. Buy wheat/sell corn trade and buy soyoil/sell meal were features for the day. SOY
The soy complex opened as called with oilshare higher on the back of firmer energies, canola, palm oil, and technicals. Sep. crush traded into new highs at 81c/bu, while oilshare traded to 33.83%. November beans and meal spent most of the trading session in t...
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...