Normally, trading on the day before a three-day holiday weekend is a lackluster affair, but 2022 is an exception:
The winter storm and bitter cold weather blanketing much of the U.S. sparked a rally in wheat futures that spilled over into corn. The soy complex pushed higher again with soyoil receiving support from a rally in crude oil futures. No major technical developments were posted in the grain markets on Friday, but the strength this week has been surprising and likely signals a shift in market sentiment. Cattle futures pushed higher to end a bullish week while the hog market generally traded lower, except for deferred futures that found new contract highs. The livestock markets are set to trade higher ne...
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...
