SPREADS Dec crush trades higher to 87.40c/bu while oilshare trades at 33.64%. Dec/March corn moves narrows into 10c from 10 3/4c. Dec 19/Dec 20 corn trades back out to 22 1/2c from 21 1/4c. Nov/Jan bean spread widens out to 14 3/4c, while Jan/March beans widens to 12 1/2c from 12c. Dec wheat/corn trades at 1.31 3/4c. Dec/March soyoil trades from 46-48 pts. Dec/March meal widens back out to $6.40 from $6.10. PALM OIL Palm oil trades 0.8% higher at 2,417 ringgits/mt, the largest weekly jump in 3 years as exports remain bullish. Palm oil is trading to its 5th consecutive high. NEWS The Dow is off 40 pts with the US dollar firming back to 97.99, and crude trading down to $54.90/barrel. Calls are as follows:
beans: 2 1...
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...
