With the volume of imported soybeans remaining high and arrivals of new shipments continuing at a strong pace, China’s estimated soymeal inventory has risen for two consecutive weeks. However, government action regarding a specific concern may cause a downward correction.
Oilseeds Soymeal Inventory Climbs Higher for Second Week in a Row With the volume of imported soybeans remaining high and arrivals of new shipments continuing at a strong pace, China’s estimated soymeal inventory has risen for two consecutive weeks. At the same time, downstream demand was solid in July as evidenced by higher wholesale meal and oil prices and a relatively strong outlook on the futures market. For example, the September 2017 soymeal...
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...
