This past Friday (20 September), we followed the interpretation of most by adding: 1) The cancellation of U.S. farm visits by Chinese officials, plus 2) President Trump saying that he wants a complete trade deal with China, not just agricultural commodity buying, and he doesn’t need the deal to occur before next year’s election, to conclude that bilateral trade talks were not going well. It is still unclear why the farm tour was cancelled, but officials on both sides are saying the talks were “productive.” The goal is for the two sides to meet again in October. In a similar vein, Beijing plans to assign government officials to 100 private companies supposedly to improve the “business&rdquo...
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...
From WPI Consulting
Accountability and a comprehensive approach to export programming
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