THE OPEN July beans: 1 1/4 lower July meal: .10 lower July soyoil: 7 higher July corn: 1 3/4 lower July wheat: 5 1/2 lower The markets owned as expected but wheat futures tumbled, applying pressure elsewhere on the board. Outside markets were mixed as Federal Reserve Chairman Jerome Powell warned of a prolonged threat resulting from Coronavirus, making clear that a recession could last longer than expected making it hard for the economy to bounce back. Stocks and crude oil prices took a turn lower on the back of those comments, providing a "risk-off" day of trade across the board. SOY
Despite another announcement of beans sold to China the complex traded lower after the o...
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...
