USDA/FAS forecasts Vietnam’s feed demand to grow to 26.6 MMT. This is largely pushed by a 3.3 percent expansion in pig production, and poultry rising by 2.3 percent. The overall economy is forecast to grow by 5 percent this year. Over the most recent four-year period, soybean imports are up 33 percent. However, corn is a large feed component and the data shows an opposite trend. Corn imports are down 27 percent over that same period. This can’t be due to domestic production because that has concurrently declined by 10 percent. There is an aberration in the data somewhere.
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What You Need to Know Today: Iran warned that it will retaliate against the U.S. if American strikes target Iranian infrastructure, as President Trump has threatened to do next week if negotiations between the two nations do not resume. President Trump is scheduled to deliver a primetime addre...
Key Takeaways: Tensions in the Persian Gulf are further away than ever from being resolved, as the ceasefire has fallen apart completely and the U.S. and Iran are back to trading blows. Ships are still cautiously exiting the Strait of Hormuz but at a much slower rate than just a few week...
