THE OPEN Nov beans: 2 higher Dec meal: 1.50 higher Dec soyoil: 12 higher Dec corn: 1 1/2 lower Dec wheat: 4 lower The markets opened on a mixed note with corn and beans posting new highs for the move up. Wheat and oilshare values were lower as compared to the rest of the board. Short-covering was the theme of the day where funds where had the largest positions, namely beans, meal, and corn. SOY
The soy complex traded higher after the open with meal and beans once again in the lead, and soyoil values lagging the pace. Dec crush traded to 78.97c/bu while oilshare weakened to 32.00 percent. Dec soyoil prices struggled up ag...
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...