World Perspectives
soy-oilseeds livestock

China In-Country Analysis

Oilseeds Major Feed Companies Hike Price to Offset Tariffs During the last week of September, several large feed manufacturers, including New Hope Group, Charoen Pokphand (CP), and China Haida Feed Group, announced plans to increase the prices of their feed products. This is the second time in less than two months that they have done so in response to China’s new tariffs on U.S. soybeans. Since 6 July (the first day those tariffs took effect) through the third week in September, the wholesale price of soybeans has risen RMB 209/MT ($30.43/MT) or 6.7 percent. Based on conversations with several feed company executives, a third price increase on their products may follow the conclusion of National Day Holiday week, which is being obse...

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feed-grains soy-oilseeds wheat

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When markets opened on Monday there were just nine trading sessions before the quarterly Grain Stocks and Acreage Intentions reports from USDA, which meant that traders were focused on adjusting positions and forecasts ahead of those numbers. Beyond that, the weather is the market’s prima...

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The Federal Open Market Committee (FOMC) will meet this week; interest rates were last raised in July 2023, and during Q4 when rates were held steady markets were hopeful that was a signal that a rate cut would be coming in 2024.   Right now, however, the Federal Funds Futures market...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.36/bushel, down $0.0075 from yesterday's close.  May 24 Wheat closed at $5.4275/bushel, up $0.1425 from yesterday's close.  May 24 Soybeans closed at $11.8775/bushel, down $0.105 from yesterday's close.  May 24 Soymeal closed at $331.9/short ton, down $2...

feed-grains soy-oilseeds wheat

Market Commentary: Corn, Soy Complex Pause Rallies while Technical Buying Lifts Wheat

When markets opened on Monday there were just nine trading sessions before the quarterly Grain Stocks and Acreage Intentions reports from USDA, which meant that traders were focused on adjusting positions and forecasts ahead of those numbers. Beyond that, the weather is the market’s prima...

Monetary Policy Between a Rock and a Hard Place

The Federal Open Market Committee (FOMC) will meet this week; interest rates were last raised in July 2023, and during Q4 when rates were held steady markets were hopeful that was a signal that a rate cut would be coming in 2024.   Right now, however, the Federal Funds Futures market...

feed-grains soy-oilseeds wheat

Summary of Futures

May 24 Corn closed at $4.36/bushel, down $0.0075 from yesterday's close.  May 24 Wheat closed at $5.4275/bushel, up $0.1425 from yesterday's close.  May 24 Soybeans closed at $11.8775/bushel, down $0.105 from yesterday's close.  May 24 Soymeal closed at $331.9/short ton, down $2...

Cahiers Redux – Politicians Recoil

The Cahiers de doléances [or kaje for short] were the pre-French revolution (1789) lists of societal complaints. The collective disappointments of the clergy, the nobility, and the rest of society too. Nothing has changed. Documents of the time cite the criticisms as: government waste, i...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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