China's Ministry of Agriculture (MOA) issued a policy document aimed at reducing food loss during grain production. One of the notable reasons behind this problem is the country's decentralized agricultural system. Weakened Soymeal Price Boosts Demand in Southern China The cash soymeal price continued to move lower during the week of 7-11 July. Crushers in coastal areas cut the price to $588-605/MT, which is down 8-10 percent from the highs seen in late May. Price differences between soymeal, rapeseed meal and cottonseed meal narrowed, which to some extent boosted soymeal demand in southern China. Both rapeseed meal and cottonseed meal prices have remained high amid tight supplies in the region over the past few weeks. Usually, if the pri...
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...
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Accountability and a comprehensive approach to export programming
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