The beginning of 2017 brought virtually no relief to China’s domestic corn market as the average price dropped in all major provinces except for Shandong. A combination of two factors helped accelerate the price decline in the northeastern provinces of Heilongjiang, Jilin and Liaoning.
Oilseeds Soymeal Inventories Up Sharply at End of December As 2016 came to a close, the steady inflow of imported soybeans forced Chinese crushers into action. Notwithstanding the mandatory plant closings due to the state-implemented emergency pollution controls, the country’s total estimated soybean inventory jumped 147,800 MT (+36.1 percent) to 556,700 MT in the last week of December, but that was 990,500 MT less (-64.1 percent) tha...
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...
