Soybeans Impact of the U.S.-China Trade War Trading was slow in Brazil last week with an old-crop basis rally due to lack of farmer selling and news on the U.S.-China trade war. The latter included a Trump tweet about a possible tariff on Chinese imports, which was officially announced Thursday night. However, the market already anticipated higher demand for Brazilian soybeans if U.S. origin cannot be shipped to China without facing a big import duty. China may apply additional trade barriers, including potential noncommercial ones such as delays on import permits and China Inspection and Quarantine (CIQ) issues, etc. On Friday afternoon, China announced a retaliatory 25 percent import tax on U.S. soybeans. Since the Dalian market was th...
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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