There’s been much made in the global media about President-Elect Jair Bolsonaro being the “Brazilian Trump.” Is he? Here’s a WPI overview.
Yesterday White House National Security Advisor John Bolton called Bolsonaro a “like-minded leader.” He said that his election as well as that of President Ivan Duque in Colombia are “positive signs for the future of the region, and demonstrate a growing regional commitment to free-market principles, and open, transparent, and accountable governance.” The most impactful action is any potential change in Brazil’s diplomatic and trade relations with China. During the election, the Chinese embassy in Brasilia issued criticisms of then-candidate...
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...