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USDA WASDE – October Horror Show Averted

Agri Commodity Markets

12 October 2018

Following successive bearish hikes to US corn and soy yields, the USDA appears to have finally grasped the extent of the record 2018/19 US production, even reducing corn & soy slightly. Carry-out prospects on soybeans and corn came in below expectations and far from the psychologically imposing stocks levels of one billion bushels in soy and two billion bushels in corn. With Halloween approaching, the WASDE report helped CBOT avoid an October horror show.

Animal Protein

1 August 2018

The US is Australia’s biggest lamb export market. It has been growing strongly, but what is driving this? Rabobank’s senior animal protein analyst Angus Gidley-Baird speaks with Rabobank’s US-based senior relationship manager Brent Lahman.

Animal Protein

26 July 2018

The US-China trade war may prompt US meat exporters to seek more share in South-East Asian markets. We see additional export opportunities for US pork offal and chicken cuts – subject to pricing. It would be difficult to accommodate larger volumes, due to non-tariff measures. Trade deficits with South-East Asia may prompt the US to push for improved market access... but the reaction is unclear.