There have been several important news stories from China in recent days, but the one that deserves more chatter suggests the country might be considering important changes to its farm subsidy programs.You can't turn around these days without someone making a fresh observation or prediction about what might or will happen in China and how that will impact commodity agricultural markets. Soybeans carry the most risk of a collapse there because 65 percent of the world's soybean exports now go to China. USDA is forecasting its soybean imports at 79 MMT in MY 2015/16, which is 25 percent of total world production. China is a very big deal in the world oilseeds market. The chart below shows the tremendous growth in its soybean imports. Note that...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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