Supply While the global supply of oilseeds and products is tight, it could get tighter or looser. The least likely factor to reduce demand and thus loosen supply constraints is Omicron. While pandemic specialists are still trying to figure out the direction of this version of the bug, markets have become experienced and there wasn’t much impact when COVID first arrived. The reduction in the growth in global soyoil and soymeal demand occurred before COVID hit. The biggest impact from COVID has been where and how food is consumed, not in sudden food rationing.
This week’s NOPA report showed a slightly lower U.S. crush, and a decline in soyoil stocks, the first such drop in five months. Plants decided to clear some invent...
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...
