THE OPEN Jan beans: 2 1/2 lower Dec meal: .40 lower Dec soyoil: 10 lower Dec corn: 1 3/4 lower Dec wheat: 1/2 lower Prices opened lower but turned mixed on the day as more buy bean and wheat/sell corn trade emerged. Oilshare turned lower as traders took profits on recent strength. Volumes were low, and price action remained two-sided in listless trade. SOY
The soy complex opened on a mixed note, with prices trading either side of even. However, most of the day was spent with traders unwinding previous buy soyoil/sell meal spread trade. Dec crush traded higher to 80c/bu while oilshare set back to 31.13%. Nov and Jan bean prices remained in consolidation...
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...
