The Malaysian government today exempted all exports of crude palm oil from its 4.5 percent export tax for the months of September and October. Palm oil exports this year have been undermined by the increased availability of sunflower oil, mainly from Ukraine, and reduced demand in China. Lanworth Forecasts Brazil's 2015 Soybean Crop to Increase by Over 14 Percent Lanworth, the crop forecaster owned by Tomson Reuters, this week issued a forecast of 98 MMT for Brazil's 2015 soybean crop. That would be an increase of 14.3 percent over its 2014 crop estimate of 85.7 MMT. This is the largest forecast for Brazilian soybean production I have seen and one that I think is too high. With global soybean processing in decline as a result of the huge...
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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