With the corn harvest season in its southern region around the corner and downstream demand flagging, the average domestic corn price in China fell RMB 11/MT ($1.64) to RMB 1,673/MT ($249.22/MT). Meanwhile, another development is also putting further pressure on prices.
Oilseeds Soymeal Inventories Close Out July With Another Increase After declines at the end of the previous month, China’s estimated soymeal inventories surged upward throughout July. They had climbed to a total 1,354,300 MT as of 28 July, up 29,600 MT (+2.2 percent) from the previous week and an increase of 207,200 MT (+24.9 percent) since the end of June. The primary drivers of this growth have been declining demand, particularly in the past two-and-a-ha...
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...
