World Perspectives

More Money, More Problems

USDA Secretary Sonny Perdue announced that his agency was “authorized” to make the second round of 2019 Market Facilitation Program (MFP) payments. The program set aside $14.5 billion to be made in three tranches. So far, $6.7 billion has been sent out under the 2019 version of MFP, with the balance to be reserved “if needed.” This second round would come in December, absent a deal with China, or even depending on the timing and terms of a deal with China, a potential third round could come in January. This is in addition to the $8.6 billion spent on MFP in 2018. Also, this week House Agriculture Committee chairman Collin Peterson (D-Minnesota) outlined in a letter to Perdue the shortcomings of MFP. Most of the iss...

WPI on Twitter

Related Articles

Awkwardness on Hong Kong; Gottlieb’s Successor

Awkwardness on Hong Kong President Trump says he will sign or veto legislation (the Hong Kong Human Rights and Democracy Act) approved near unanimously by the Congress depending on whether China completes a phase one trade deal with him. There are several awkward aspects to his position includi...

livestock

Cold Storage Report Features More Pork, Poultry

The latest Cold Storage report from USDA (which features commodity stocks as of 31 October 2019) shows growing supplies of pork and chicken and a modest tightening in beef supplies. Total red meat supplies were up 1 percent from September but down 1 percent from year-ago levels.    &...

FOB Prices and Freight Rate App (Updated 22 November)

Update for 22 November 2019: All other routes/offers updated through the day's close.  Note: Due to client request, WPI has added data for corn prices FOB France, Russia, and a general Black Sea price.   Freight Comments for 21 November 2019: Jay O’Neil, O’Neil Commodity...

Awkwardness on Hong Kong; Gottlieb’s Successor

Awkwardness on Hong Kong President Trump says he will sign or veto legislation (the Hong Kong Human Rights and Democracy Act) approved near unanimously by the Congress depending on whether China completes a phase one trade deal with him. There are several awkward aspects to his position includi...

livestock

Cold Storage Report Features More Pork, Poultry

The latest Cold Storage report from USDA (which features commodity stocks as of 31 October 2019) shows growing supplies of pork and chicken and a modest tightening in beef supplies. Total red meat supplies were up 1 percent from September but down 1 percent from year-ago levels.    &...

FOB Prices and Freight Rate App (Updated 22 November)

Update for 22 November 2019: All other routes/offers updated through the day's close.  Note: Due to client request, WPI has added data for corn prices FOB France, Russia, and a general Black Sea price.   Freight Comments for 21 November 2019: Jay O’Neil, O’Neil Commodity...

feed-grains soy-oilseeds wheat

Market Commentary

Spread trade was the biggest feature of the day with traders rolling out of December contracts and into deferred contracts. December options expired this afternoon and there was a solid round of positioning/rolling contracts around that fact. Wheat futures were higher with no deliveries yet reg...

Image
From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up