SPREADS Oct. crush trades up to 1.07c/bu while oilshare trades higher to 32.89 percent. Spreads are a bit firmer with Dec/March corn trading into 12 1/4c while Dec 19/Dec 20 improves to 40 1/2c from 40c. Nov/Jan bean spread trades from 13 3/4c to 14c. Dec/March meal widens out to $5.30 from $5.20. PALM OIL Down 9 ringgits NEWS Stocks are higher, the US dollar continuing stronger at 99.09, getting close to the all-time high at 99.37. The stronger dollar is price negative for wheat, that may have run its course on a market rally. US consumer inflation slows to 0.1 percent in August. Weekly jobless claims were revised to 219K. REPORTS Export sales:
Beans: 2018/19 net 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...
