Soybeans Market Overview The market was quiet last week on slow Chinese demand. Dalian soymeal futures fell 2 percent last week with tweet-based news of a meeting between Presidents Trump and Xi pressuring Chinese crush margins and soybean demand. As it has always done based on these sorts of tweets, the market stood still while awaiting further details. With past Trump/Xi meetings, there has typically been a cycle of positive tweets and then positive tweets that include encouraging details, which have been followed by disappointing and trade war-lengthening tweets. That pattern has been fairly well defined over the past year, and this analyst didn’t expect any different outcome from last week’s tweet. It is difficult t...
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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Illuminating the value of technical research
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