SPREADS Oct. crush is lower at 98c/bu while oilshare trends down to 32.56%. Dec 19/Dec 20 corn trades from 41 1/2c to 40 1/2c. Dec/March corn narrows into 12 1/2c from 13c. Jan/Nov beans spread narrows into 13 1/2c from value that were out to 14 1/4c this week. Dec wheat/corn trades from 1.19 1/2c to 1.17c. PALM OIL Oct futures down 19 ringgits - - SGS estimated palm oil production exports over the Sep 1-10 period at 337,570 mmt, off 29% from their Aug 1-10 estimate NEWS Equities are higher with the Dow up 38 pts and crude oil trading to a high at $58.30/barrel. The US dollar trades up to 98.66. CALLS Calls today are mostly lower:
beans: 2-3 lower meal: 80-1.00 lower soyoil: steady corn...
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...
