No Solution at G-20 Many are hoping that a meeting between Chinese President Xi Jinping and U.S. President Donald Trump at the end of this week at the G-20 meeting in Buenos Aires will bring an end to the trade war. Following are the two countries’ latest positions:
Chinese Deputy Commerce Minister Wang Shouwen announced that updates to the global trading rules will be acceptable if they don’t apply to his country. He said that China must continue to be treated as a developing nation with obligations commensurate with that status, including entitlement to special and differential treatment. There should be no discrimination against state enterprises. Meanwhile, he demanded new disciplines on rich countries’ agriculture...
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...
