THE OPEN November beans: 9 higher December meal: 4.20 higher December soyoil: 30 higher December corn: 2 lower December wheat: 4 higher The markets opened as called with oilshare values heading higher, recouping losses, and beans/wheat firm vs. corn. SOY
The major feature of the market was that of higher oilshare as crude oil regained strength. This was the fourth consecutive session with a bean announcement, and it brought support to futures as prices traded higher. Technically November beans remain inside the day's range, but picks up some support at trading range lows of $13.15 to $13.20. Soyoil prices gained on meal for the day, with Sep. crush at 1.11c a...
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...
