U.S. sorghum prices are still quite competitive in China despite the transition there to a more fundamental supply and demand market system, and another factor will also likely help open the door for more of those imports.
U.S. Sorghum Exports Rebound in May; DDGS Have a Pulse Corn prices in southern China have remained high with the 2016 harvest sold out and historically strong demand at the state-run auctions. Meanwhile, U.S. sorghum prices are still quite competitive despite China’s transition to a more fundamental supply and demand market system. With a total export volume of 420,720 MT worth $72.37 million, U.S. sorghum exports in May were up by 212,645 MT (+102.2 percent) versus May 2016 but less than the record 536,...
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...
