THE OPEN Jan beans: 4 lower Dec meal: 2.10 lower Dec soyoil: 12 lower Dec corn: 2 1/2 lower Dec wheat: 4 3/4 lower Prices buckled under the pressure of weaker cash markets, no business announcements, and profit-taking. Chartists were keeping an eye out on key support levels which found stops in corn, beans, and meal. Meal prices caved further as traders continued to buy soyoil/sell meal. Today marks the final day of the Goldman roll for December futures. SOY
The soy complex started the day lower and then entered into deeper losses on technical follow-through as first support levels were violated. Jan beans traded under key support at $11.45 which paved the way for lower 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...
