THE OPEN November beans: 1/2 lower December meal: .30 higher December soyoil: 2 lower December corn: 1 1/2 higher December wheat: 6 higher The markets opened as called with prices trading higher once again before turning mixed in the soy complex. Grains led the way higher, with corn triggering buy-stops at the open. Corn prices attempted to catch up with gains in beans to correct the ratio, which has been moving heavily in favor of beans. SOY
The soy complex opened as called with prices turning higher after the open. November beans traded again to new highs over $9.80 while products were more subdued. December soyoil remained in congestive trade under 34c but found...
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...
