World Perspectives
feed-grains biofuel energy

Calling the Kettle Black; Beyond Belief; Harvey to Working with Dems

U.S. ethanol groups are hugely upset that Brazil has imposed import safeguards against their products and that China has gotten into large-scale production of the fuel. However, their demand for retaliatory sanctions is a fool's run. Calling the Kettle Black U.S. ethanol groups are hugely upset that Brazil has imposed import safeguards against their products and that China has gotten into large-scale production of the fuel. They make the hypocritical charge that China is trying to protect its corn industry by making domestic ethanol with excess corn to prop up prices. Even the most gullible do not believe that U.S. corn growers pushed for the 15-billion-gallon ethanol production mandate in the Renewable Fuel Standard solely due to an altr...

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Paying the Bill for the Farm Bill

The final conference report farm bill, which is now on the president’s desk awaiting signature, totals $428 billion for its 2019-2023 authorization period; most references in the media to a $867 billion cost are based on a 10-year baseline for the five-year bill. Because of the Balanced B...

SPS Minus Minus; Transatlantic Food Differences; Weighing Pressure on China

SPS Minus Minus U.S. agriculture groups responded to a U.S. request for comments on what should be the objectives in negotiating a transatlantic trade agreement, and their focus was on the usual suspect – sanitary and phytosanitary (SPS) barriers. Europe’s current technical barriers...

feed-grains soy-oilseeds wheat

Market Commentary

Corn was higher with soybeans up slightly and wheat mixed in the Thursday night session. Trading volume was fairly strong overnight. This morning USDA announced sales of another 300,000 MT of soybeans to China plus 130,000 MT to “unknown” and 125,000 MT of corn to Japan. There is st...

Paying the Bill for the Farm Bill

The final conference report farm bill, which is now on the president’s desk awaiting signature, totals $428 billion for its 2019-2023 authorization period; most references in the media to a $867 billion cost are based on a 10-year baseline for the five-year bill. Because of the Balanced B...

SPS Minus Minus; Transatlantic Food Differences; Weighing Pressure on China

SPS Minus Minus U.S. agriculture groups responded to a U.S. request for comments on what should be the objectives in negotiating a transatlantic trade agreement, and their focus was on the usual suspect – sanitary and phytosanitary (SPS) barriers. Europe’s current technical barriers...

feed-grains soy-oilseeds wheat

Market Commentary

Corn was higher with soybeans up slightly and wheat mixed in the Thursday night session. Trading volume was fairly strong overnight. This morning USDA announced sales of another 300,000 MT of soybeans to China plus 130,000 MT to “unknown” and 125,000 MT of corn to Japan. There is st...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 19 Corn closed at $3.8475/bushel, up $0.005 from yesterday's close.  Mar 19 Wheat closed at $5.3/bushel, down $0.06 from yesterday's close.  Jan 19 Soybeans closed at $9.005/bushel, down $0.065 from yesterday's close.  Jan 19 Soymeal closed at $307.3/short ton, down $1.2 from...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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