South Africa’s Crop Estimates Committee has forecast that maize plantings will increase 31 percent in 2017 with those of white maize up by 53.5 percent and yellow maize by 6.4 percent. Meanwhile, there is a debate in the country regarding usage of Roundup weed killer.
Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Russia has issued a report on corn exports, both domestic and global, which shows that 1.7 MMT of the 4.7 MMT it exported in 2015/16 went to the Middle Eastern countries of Turkey (1 MMT), Lebanon (360,000 MT) and Iran (214,000 MT). In addition, 1.3 MMT went to the EU and 1.1 MMT to East Asia (mainly South Korea). Thus far in 2016/17, Russia has exported 1 MMT of corn to the Middle East. According to the r...
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...
