From mid-January through the end of the month, China’s estimated soymeal inventories fell sharply due to a combination of factors. Meanwhile, the average domestic corn price managed to hold steady across most regions for the past two weeks, although a development in the south helped drive that price upward in Guangdong.
Oilseeds Soymeal Inventories Fall From mid-January through the end of the month, China’s estimated soymeal inventories fell sharply to 683,800 MT, a decline of 79,800 MT (-10.45 percent). This was due to a combination of lower utilization rates in advance of the New Year celebrations, a pickup in demand and ongoing idling of plants because of air quality problems. Through the week ending 3 February 2...
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...
