THE OPEN
March beans: 3/4 higher March meal: .90 higher March soyoil: 7 lower March corn: 1 1/4 lower March wheat: 3 lower
The markets opened as expected with light pressure noted for the grains as traders took the opportunity to buy soyoil/sell meal. Position evening was generally noted before the report in a low volume trade. After the report, wheat prices cracked, which became the major features of the day. Weakness in grains snuffed out a nice rally in beans, as prices continue in trading ranges. At 11:00 the February WASDE was as follows: WORLD PRODUCTION (million metric tons) 2019-20 Feb Avg High Low Jan CORN Argentina  ...
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...
