U.S. wheat exports to China during January-May 2017 totaled 980,206 MT at a value of $229.7 million, surpassing the entire volume for all of 2016. The U.S. could have a smaller wheat crop this year, but Chinese demand is unlikely to dampen because of one factor.
Oilseeds Soymeal Inventories Reverse Course Again As several major crushers continued to idle facilities due to sluggish feed demand from the pork industry, China’s combined soybean crush volume fell to 7.6 MMT in June, a 5 percent drop from May. On the upside, however, demand from the poultry, cattle and aquaculture sectors has helped push wholesale soymeal prices upward in the past two weeks. This all combined to bring China’s estimated soymeal inventory t...
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...
