THE OPEN Nov beans: 1 higher Dec meal: .30 lower Dec soyoil: 3 lower Dec corn: 1/2 lower Dec wheat: 1 higher Prices opened mostly as called with more business announcements sending bean prices quickly higher at the open. Another large sale of corn was announced to China, with back-to-back 596,000 mt sales supportive for corn as it digests recent gains. Wheat prices rose quickly on a technical basis with rising Black Sea premiums in the background adding support along with a much weaker US dollar. SOY
The soy complex opened into surprising strength after crop progress conditions sent prices tumbling overnight. Soyoil futures pulled back in consolidation mode, with traders sprea...
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...
