The nationwide domestic corn price rose just RMB 1/MT ($0.15/MT) to RMB 1,664/MT ($252.47/MT) last week. Meanwhile, the estimated average utilization rate of ethanol producers remained historically low due to one factor.
Oilseeds Soymeal Inventory Contracts Further on Higher Demand China’s nationwide soymeal inventory totaled 1,072,100 MT as of 25 August 2017, a decrease of 114,800 MT (-9.7 percent) from the previous week but 332,800 MT higher (+45 percent) than the same week a year ago. The biggest weekly decreases occurred in the North and Shandong Province where estimated soymeal inventories fell 23,400 MT (-19.7 percent) to 95,300 MT and 47,100 MT (-30.5 percent) to 107,200 MT, respectively.Looking ahead, downstream m...
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...
