THE OPEN Jan beans: 6 3/4 higher Dec meal: 2.80 higher Dec soyoil: 48 higher Dec corn: 1 3/4 higher Dec wheat: 3/4 higher Prices opened as expected with more buying interest on the back of the Nov. USDA report. Beans continued to see early buying interest, while wheat prices traded both sides of unchanged, which later weighed on corn. Grains turned mixed as oilshare values put in firmer trade on higher energies and palm. The lack of business announcements and better chances for SA precip. elicited profit-taking. Today is day 4 of the Goldman roll as traders roll Dec. contracts forward. SOY
The key feature of the soy complex was that of higher oilshare. Dec. s...
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...
