THE OPEN Nov beans: 3 lower Dec meal: 2.50 lower Dec soyoil: 45 lower Dec corn: 1 higher Dec wheat: 1 higher The market opened as expected but soy complex prices eventually trended lower. Grains were firmer as wheat futures continue to remain firm. Corn was a follower while weaker soyoil futures continued to impact trade. SOY
The soy complex opened steady with another sale announcement of 131,000 mt of beans for 20/21 to China, and more rumors floating that they continue to inquire. Sep oilshare trades to 46.41%. Oilshare was hit as soyoil futures traded lower on the back of weaker palm and canola prices. Canada may receive potential rainfall, which pressured canola. The...
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...
