World Perspectives
feed-grains biofuel energy

Ethanol Exports and Domestic Production Rebound

Ethanol exports in March were 133 million gallons and more than a third of that went to China. The 48.3 million gallons exported to China is the second highest monthly total on record, just 8,278 gallons below April 2016.  Recall that in 2016, China was the fastest growing market for U.S. fuel ethanol exports; at the time the tariff on imports was set at 5 percent. By December, however, China imported no ethanol as plans were in the works to push the tariff rate back up to 30 percent, which it did in January 2017. Subsequently, with the trade war retaliatory tariffs, the total duty increased to 45 percent – at least on paper, importers can apply for tariff relief.   According to a statement from the Chinese Ministry...

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soy-oilseeds

Oilseed Highlights: U.S. Soy Export Sales; USDA WASDE Report and Soybeans

Minimal U.S. Soy Export Sales Last Week Today’s USDA/FAS export sales report indicated exporters of U.S. soybeans, soymeal, and soyoil made only small sales of the three commodities in the week ending 6 May. That is likely to be the case for most of the rest of the marketing year consider...

feed-grains soy-oilseeds wheat

PM Post - Washout

THE OPEN July beans:  20 lower July meal:  6.20 lower July soyoil:  64 lower July corn:  17 lower July wheat: 7 1/2 lower The markets opened in line with trade expectations, but poor export sales and a negative reaction to the report yesterday set a deeper sell-off in motion...

feed-grains soy-oilseeds wheat

Export Sales

Wheat:  Net sales of 30,300 metric tons (MT) for 2020/2021 were down noticeably from the previous week and down 61 percent from the prior 4-week average.  Corn:  Net sales reductions of 113,400 MT for 2020/2021--a marketing-year low--were down noticeably from the previous week an...

soy-oilseeds

Oilseed Highlights: U.S. Soy Export Sales; USDA WASDE Report and Soybeans

Minimal U.S. Soy Export Sales Last Week Today’s USDA/FAS export sales report indicated exporters of U.S. soybeans, soymeal, and soyoil made only small sales of the three commodities in the week ending 6 May. That is likely to be the case for most of the rest of the marketing year consider...

feed-grains soy-oilseeds wheat

PM Post - Washout

THE OPEN July beans:  20 lower July meal:  6.20 lower July soyoil:  64 lower July corn:  17 lower July wheat: 7 1/2 lower The markets opened in line with trade expectations, but poor export sales and a negative reaction to the report yesterday set a deeper sell-off in motion...

feed-grains soy-oilseeds wheat

Export Sales

Wheat:  Net sales of 30,300 metric tons (MT) for 2020/2021 were down noticeably from the previous week and down 61 percent from the prior 4-week average.  Corn:  Net sales reductions of 113,400 MT for 2020/2021--a marketing-year low--were down noticeably from the previous week an...

feed-grains soy-oilseeds wheat

AM Outlook - Weather, Stocks and Funds

GOOD MORNING, Prices are lower across the board on profit-taking heading into the weekend.  The USDA report has come and gone, and we are left looking at weather, stocks, and funds. The gist of the report was that the USDA was conservative except for Safrinha corn.  End-users continue...

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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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