One significant factor is going to raise operating costs for the deep corn processing industry in China's northern and northeastern regions, and that will likely force the sector to raise prices as corn demand remains strong.
Oilseeds Soymeal Inventory Climbs Again China’s nationwide soymeal inventory totaled an estimated 1,124,600 MT as of 7 July 2017, up 40,500 MT (+3.6 percent) from the previous week and 319,200 MT higher (+39.63 percent) than one year ago. Downstream demand has improved recently, and imported soybean stocks and shipments remain high. Interestingly, there were decreases in all regions except the East and Fujian where estimated inventories rose 59,900 MT (+12.5 percent) to 538,900 MT and 4,200 MT (+10.4...
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...
