World Perspectives
soy-oilseeds

Oilseed Highlights: Questions about USDA’s WASDE Report for Soy; NOPA Crush Report

Questions about USDA’s WASDE Forecasts for Soybean Sector in 2018/19 Several of USDA’s 2018/19 forecasts for the U.S. and global soybean sector that were detailed in the May WASDE deserve a bit of scrutiny because they disagreed substantially with the thinking of many in the trade. Among them are the following: China’s 2018/19 Soybean Imports USDA projects these will total 106 MMT (3.894 billion bushels), up 6.2 percent or 6 MMT versus its forecast for 2017/18 and more than 71 percent greater than the 3.5 MMT increase from 2016/17 to 2017/18. USDA may have been far too optimistic on future Chinese soybean demand. China’s Agriculture Outlook Committee predicted last week that those imports will drop 0.3 percent to...

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feed-grains soy-oilseeds wheat

Export Sales

USDA data for week ending August 9, 2018: Wheat:  Net sales of 803,000 MT for 2018/2019--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average.   Corn:  Net sales of 339,000 MT for 2017/2018 were down 39 percent from the previous...

feed-grains soy-oilseeds wheat

Market Commentary

Turnaround Tuesday’s higher prices for grain and soy futures did not last long. An array of negative macro influences and forecasts for a week of favorable weather for the Plains and Midwest sent soy and wheat prices back near where they were at Monday’s close. Commodity prices in g...

Rise Above the WTO; Pros and Cons of Relocate

Rise Above the WTO Channeling Donald Trump’s incendiary style, the normally thoughtful Kevin Hassett, chair of the White House Council of Economic Advisors, has raised the issue of throwing China out of the WTO. The comment is notable since many trading partners would currently like to th...

feed-grains soy-oilseeds wheat

Export Sales

USDA data for week ending August 9, 2018: Wheat:  Net sales of 803,000 MT for 2018/2019--a marketing-year high--were up noticeably from the previous week and from the prior 4-week average.   Corn:  Net sales of 339,000 MT for 2017/2018 were down 39 percent from the previous...

feed-grains soy-oilseeds wheat

Market Commentary

Turnaround Tuesday’s higher prices for grain and soy futures did not last long. An array of negative macro influences and forecasts for a week of favorable weather for the Plains and Midwest sent soy and wheat prices back near where they were at Monday’s close. Commodity prices in g...

Rise Above the WTO; Pros and Cons of Relocate

Rise Above the WTO Channeling Donald Trump’s incendiary style, the normally thoughtful Kevin Hassett, chair of the White House Council of Economic Advisors, has raised the issue of throwing China out of the WTO. The comment is notable since many trading partners would currently like to th...

wheat feed-grains soy-oilseeds

Black Sea Regional Analysis

Russian Grain Markets: 6-10 August 2018 Grain prices increased due to rising prices on international markets and weakening of the ruble. Milling wheat export prices rose $3/MT to $235/MT FOB Black Sea, and purchase prices at seaports grew to $187-192/MT CPT-Black Sea port. While the average fee...

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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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