World Perspectives
soy-oilseeds feed-grains

China In-Country Analysis

Macro Trends U.S. Ag Exports to China Fall to Ten-Year Low The USDA-GATS October export data, which covers monthly figures through August 2018, underscores the deep impact of the U.S.-China trade conflict. It shows that just 345,300.4 MT of U.S. agricultural products were shipped to the Middle Kingdom in August, the lowest figure for that month since 2006 when the total was 337,201.2 MT. On a monthly basis, it was the worst since a paltry 287,242 MT were shipped in September 2006. The difference between 2006 and now, however, is the average price (USD/MT). With soybean exports to China falling to their lowest level for the month of August in three years, higher value commodities (e.g., wine, almonds, pork and other food products) are maki...

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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...

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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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Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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