THE OPEN July beans: 26 lower July meal: 1.80 lower July soyoil: 205 pts lower July corn: 6 1/2 lower July wheat: 17 lower The markets opened lower and continued to hit sell-stops which triggered lower trade. Corn continued to find scale down commercial pricing interest as more commodity prices fell across the board, including crude which was down hard. There is more chatter that commodity prices may have found some interim tops. SOY
The soy complex closed at the weakest of extremes and prices continued to notch lower as more stops were triggered. Spreads were lower with the July/Nov bean inverse weakening down to 1.66c. July/Dec meal inverses trades to...
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...
