The political mood of the transportation and port industries might play a bigger role in the soybean supply and demand situation than record crop production and supplies.WPI and others have written often in recent weeks about the resiliency of the soybean market in the face of a record world production that will also lead to a record buildup in world soybean supplies. The unexpected strength in soybeans and soybean prices has been the result of many things including:
Record demand from China. It seems that USDA and every other analyst continues to underestimate the country's demand for protein. A slower pace of China's economy, poor domestic crush margins and a host of other excuses that are supposed to explain why demand growth should a...
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...
