WPI Agribusiness Subsector Outlook
WPI Bull/Bear Leanings for Agribusiness in 2017
A summary and graphical depictions of WPI’s expectations for future agribusiness performance.
Wheat Market Risks and New Realities
U.S. wheat’s declining global importance gave rise to ongoing battle for price discovery and risk management in EU wheat.
The Next Big Driver of Global Soybean Demand
China has been the main driver of global soybean demand for the last quarter century, but demand growth there is likely to slow in the future. However, there is clear evidence that the next major driver of global soybean demand is likely to be the Asian subcontinent.
The U.S. Biofuels Industry
The biofuels sector is facing great uncertainty due to energy policy, a shift from its bright and unfettered future in 2006.
The U.S. Meat and Livestock Industry
Economic growth is boosting consumer demand, allowing packer margins to remain positive with increased throughput. Cow/calf operations are facing reduced profitability in 2017, but the industry will not experience significantly troubling times.
Farm Inputs
Spring planting demand is met with high inventory levels and large import lineups, casting a shadow on upward price possibilities. However, corn prices suggest urea could move modestly higher.
Policy Trends
The big shall survive, the new will prosper, evolve or die.
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TAGS – Equities, Softs, Farm Inputs, Soy & Oilseeds, Wheat, Feed Grains, Biofuels