President Trump has called for 25 percent tariffs on another $200 billion of Chinese imports, possibly as early as late September, and this has thrown a wet blanket over the soybean futures market. No one knows what will happen or when, but the assumption is that the hoped-for resumption of official trade talks will not occur very soon. Soybean demand from domestic crushers and overseas buyers other than China remains quite good, but the soybean market cannot seem to get past the trade spat. Soybean futures traded down about 6 cents overnight and did little during the day session before closing down 3-4.5 cents. Soy products were also lower with meal finishing with losses of $1.30-3.70 and soyoil down 32-34 points. On the other hand, volat...
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...
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