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Hops Market Declines

After a decade of blistering growth, the U.S. domestic beer market declined in 2023. The reasons given include some consumers opting for a healthier, alcohol-free lifestyle, and others switching to drinking higher alcohol spirits. This increases the importance of exports but both beer and hops exports also declined in 2023. This is important since 70 percent of U.S. hops production is exported. The U.S. produces 45 percent of the world’s hops.  U.S. acreage dedicated to hops production expanded rapidly to respond to the growth in craft beer production, and hoppy beers like India pale ale. Meanwhile, top export markets like Germany are suffering from economic malaise. Germany is also a major supplier but U.S. hops imports from th...

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feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 19-25, 2024  Wheat:  Net sales reductions of 20,300 metric tons (MT) for 2023/2024 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 508,600 MT were down 11 percent from the previous week and 8 perce...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Remains Choppy, Volatile as Weather Drives Markets

The CBOT saw another day of mixed trade with livestock futures pushing sharply lower as demand fears resurface while wheat futures drew back for a third straight day amid more forecasts of showers for previously dry production regions. The soy complex recovered a bit from Tuesday’s sellof...

Food is First Victim; Energy Confusion

Food is First Victim Food comprises just 6 percent of all U.S. exports, but it is the first to receive retaliation in trade disputes. The latest example is Israel’s war with Hamas, though it is American food brands that are taking it on the chin. KFC has had to close 100 outlets in Malays...

feed-grains soy-oilseeds wheat

Export Sales

Export Sales and Shipments for April 19-25, 2024  Wheat:  Net sales reductions of 20,300 metric tons (MT) for 2023/2024 were down noticeably from the previous week and from the prior 4-week average. Export shipments of 508,600 MT were down 11 percent from the previous week and 8 perce...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Remains Choppy, Volatile as Weather Drives Markets

The CBOT saw another day of mixed trade with livestock futures pushing sharply lower as demand fears resurface while wheat futures drew back for a third straight day amid more forecasts of showers for previously dry production regions. The soy complex recovered a bit from Tuesday’s sellof...

Food is First Victim; Energy Confusion

Food is First Victim Food comprises just 6 percent of all U.S. exports, but it is the first to receive retaliation in trade disputes. The latest example is Israel’s war with Hamas, though it is American food brands that are taking it on the chin. KFC has had to close 100 outlets in Malays...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 24 Corn closed at $4.5075/bushel, up $0.04 from yesterday's close.  Jul 24 Wheat closed at $5.9925/bushel, down $0.04 from yesterday's close.  Jul 24 Soybeans closed at $11.7025/bushel, up $0.0725 from yesterday's close.  Jul 24 Soymeal closed at $349/short ton, down $2.9 fro...

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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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