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feed-grains soy-oilseeds wheat

Market Commentary

The CBOT opened on a higher note after overnight news of Chinese removal of some tariffs on U.S. ag products. Soyoil jumped to sharp gains early, which helped boost soybeans as well. Grain trade was under the influence of buy soybeans/sell corn/wheat trade which capped rallies in the latter contracts.   News broke this morning that the Chinese government has agreed to lift tariffs on some imports of U.S. soybeans and pork. The South China Post reported that Chinese officials agreed to waive tariffs based on applications by individual U.S. firms. Recall that the tariffs include a 25 percent duty imposed in July 2018 as well as additional tariffs of 10 percent for pork and 5 percent for soybeans that were set in September this year...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Market Commentary: Commodity Collapse

The CBOT was sharply weaker for the second trading day in August. Continued excellent or improving spring crop conditions and private firm forecasts of record corn and soybean yields sparked widespread selling. Corn dipped to new contract lows – as did HRW wheat – while SRW wheat an...

Phase One Collateral Damage; Conditional Income Subsidies

Phase One Collateral Damage UC-Davis researchers Robert Feenstra and Chang Hong analyzed (NBER Working Paper No. 27383) the impact of the Phase One agreement on China’s agricultural imports and find that some U.S. allies should be very upset. Holding China’s imports roughly static,...

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The 2018 farm bill was signed into law in December of that year and implementing rules were rolled out through 2019. The major crop programs, like ARC and PLC for example, saw participation elections and signups in the fall of 2019 and CRP general sign up began in December 2019. These and other...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 20 Corn closed at $3.2025/bushel, down $0.0825 from yesterday's close.  Sep 20 Wheat closed at $5.0825/bushel, down $0.1275 from yesterday's close.  Nov 20 Soybeans closed at $8.8175/bushel, down $0.145 from yesterday's close.  Dec 20 Soymeal closed at $291.4/short ton, down...

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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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