Brazilian farmers have sold about 40 percent of their soybean production, well below the last campaign. There is still a large volume to trade, but there might be some logistical constraints in exporting the full production. Soybeans In general, we can say the Chinese demand continues looking for February, March and April positions. Although many analysts consider the United States to already be sold out, some cargoes were confirmed for 15 January and February shipments out of the U.S. Gulf to China. Chinese buyers are trying to find additional offers from Brazil for February or March as this origin should be cheaper than the U.S. Nevertheless, Brazil seems to be sold out for February and probably for March as well.In Brazil, there is alr...
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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Accountability and a comprehensive approach to export programming
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