Purchases are Real China's Vice Premier Liu He and U.S. Trade Representative Robert Lighthizer spoke last night, and the result is bullish the market. While both sides recommitted to the Phase One trade deal the bullishness is the result of stepped up Chinese purchasing and what appears to be a real commitment to it. Reuters quotes an unnamed agricultural trader from a China state-owned company saying, “they think we are going to keep buying from the U.S., at least before the election takes place. And we will." The phone call also involved China’s efforts on structural changes such as protecting intellectual property rights and ending impediments and forced technology transfers but it is the purchasing of U.S.-made goods that i...
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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Accountability and a comprehensive approach to export programming
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