World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Harvest and Weather Pressure Continue

Clear weather and rolling combines in the Northern Hemisphere together with prospective showers in South America maintain pressure on commodity futures. However, volume today was relatively low except in soybeans and livestock. While soybeans closed lower, the end of Golden Week and China’s ongoing purchases of lower priced U.S. soybeans provides some degree of support.  The situation is reflected in USDA’s weekly Grains Inspected and/or Weighed for Export report. It showed the volume of corn and wheat relatively steady and ahead of last year by 22 percent and 32.5 percent, respectively. The volume of soybeans inspected were higher overall and the decline relative to last marketing year has narrowed to less than a one perc...

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feed-grains soy-oilseeds wheat

Market Commentary: CBOT Slips as Demand Worries Overtake Supply-Side Surprises

The November WASDE offered mixed influences for the major ag markets with USDA making surprise cuts to the U.S. corn and soybean crops and ending stocks, which rallied markets on Friday. The report also, however, cast doubts on the demand-side outlook for both crops and wheat, and that is what...

Deep Bench to Fight RFK; China Market Risk; Thankless Job

Deep Bench to Fight RFKBeing the U.S. Secretary of Agriculture is usually a pretty good job. It involves doling out billions of dollars, the constituency is dominated by courteous country people, and controversies tend to be minor. The person serving the longest in any Cabinet position was Jame...

Rice as a Stable Crop

Last year, India restricted non-Basmati rice exports believing there would be a weather-related short supply. Production was ample and now the country faces record high inventories that will likely be dumped on the world market. The OECD calculates that Indian farmers are implicitly taxed $120...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Slips as Demand Worries Overtake Supply-Side Surprises

The November WASDE offered mixed influences for the major ag markets with USDA making surprise cuts to the U.S. corn and soybean crops and ending stocks, which rallied markets on Friday. The report also, however, cast doubts on the demand-side outlook for both crops and wheat, and that is what...

Deep Bench to Fight RFK; China Market Risk; Thankless Job

Deep Bench to Fight RFKBeing the U.S. Secretary of Agriculture is usually a pretty good job. It involves doling out billions of dollars, the constituency is dominated by courteous country people, and controversies tend to be minor. The person serving the longest in any Cabinet position was Jame...

Rice as a Stable Crop

Last year, India restricted non-Basmati rice exports believing there would be a weather-related short supply. Production was ample and now the country faces record high inventories that will likely be dumped on the world market. The OECD calculates that Indian farmers are implicitly taxed $120...

biofuel

Senate Committee Changes and Ethanol Legislation

As WPI noted a week ago on 4 November, As a general rule, a Republican agenda is likely to be friendlier to liquid fuels, especially petroleum fuels, whereas a Democrat agenda is more likely to include a role for electric vehicles, and a renewable fuels policy that will focus on reducing c...

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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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