SPREADS Dec crush improves to 80.63c/bu while oilshare is steady at 32.33% vs. 32% yesterday. Corn spreads firm with Dec/March into 11 3/4c from 12c and Dec 19/Dec 20 trading into 17c from 18c. The Dec/March corn spread trades from 1.00 1/2c to 1.03c. PALM OIL Dec down 5 ringgits. NEWS Stocks trading either side of unchanged, but mostly firmer. Chinese still out for holiday. REPORTS Export sales:
beans: 19/20 net 2.08 tmt (vs. 900-1.4 mmt good, over the expected) meal; 18/19 net 21,500 tmt and 19/20 net 136,800 tmt (vs. 50-350 tmt poor) soyoil: 19/20 net 2,500 tmt (vs. 5-40 tmt poor) corn: 19/20 net 562,600 tmt and 20/21 net 2,500 tmt (vs. an expected 400-800 tmt low end) wheat: 19/20 net 328,500 tmt (v...
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...
