U.S. ethanol exports to China have followed a similar trajectory to other U.S. food and agricultural exports for the first ten months of the year. The total volume for that period was more than 603.2 million liters at a total value of $267.73 million. Meanwhile, the outlook heading into 2017 remains uncertain.
Oilseeds Soymeal Inventories Hit Lowest Point of Year China’s estimated soymeal inventory totaled 334,800 MT as of 16 December, the lowest level this year, which reflected a significant drop of 55,400 MT (-14.2 percent) from the previous week. It was also 1,001,900 MT lower (-75 percent) versus the same week a year ago. While there was also a decline of 40,100 MT (-42.43 percent) to 54,400 MT in the eastern re...
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...