THE OPEN November beans: 10 higher December meal: steady December soyoil: 60 higher December corn: 2 higher December wheat: 2 lower Prices opened as expected but rallies did not get too far as some position-evening was noted on the rally. Moderate buying activity was noted early on the back of continuing chatter about production declines for Russia. Most traders are in the mindset that USDA will trim yields for corn, while bean yields may be left unattended. SOY
The major feature in the soy complex was that of higher oilshare once again. Buy soyoil/sell meal put oilshare values in Sep up to 46.78%. Sep. crush values traded at 1.16c. Soyoil gained on meal all day as prices...
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...
