Argentina’s transition of Presidential power suggests a change to the country’s Ag industry could unfold in the months ahead. Market focus is on whether grain/soy complex export taxes will be raised in 2020 in an effort to boost available public financing. There’s little doubt that the lack of grain export taxes (and reduced soybean export…
The release of the preliminary October trade data from China is several weeks away. But based on major exporter’s shipment data, AgResource estimates an uptick in Chinese imports at the start of the marketing year. Gov’t data, along with private shipping sources, indicate that major exporters shipped just over 6 MMTs of soybeans to China…
Interior Russian cash wheat prices continue to rise. This is allowing EU origin wheat to become the world’s cheapest milling origin for late 2019 delivery, but is also working to prod the Russian farmer into expanding winter wheat area for a second consecutive year. The attached graphic shows the % change in spot prices across…
The October Cattle on Feed report lacked either a bullish or bearish surprise. All key statistics fell right in line with trade estimates, with placements and marketings above last year, while the October 1st cattle on feed figure was below a year ago for the 2nd consecutive month. The report is not expected to produce…
FAS began reporting weekly pork export sales data in the 2nd quarter of 2013. Previously the industry had not wanted weekly export reporting, and when pork exports were just 2-5% of total pork production, a weekly figure was not significant. Starting in 2004, the US began to export a greater percentage of its production, and…
