The market started a little slow, with corn trading lower, while soybeans and SRW were only modestly higher. And why should they act any differently?
The weather is unchanged. There is no fresh news. Flash sales are missing from action. The impact of China’s breakout from lockdown remains a wildcard. Outside markets reflect angst, with stocks down and the dollar back on safety call.
None of that has changed but doldrums in the grain pits didn’t last.
There was solid volume in corn and soybeans during this otherwise movie-binging week. Corn traded solidly higher for a third straight day, and has been higher for five of the past six sessions. Soybeans keep pushing against resistance levels.&n...
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...
