World Perspectives

The State and Monopolies

The Biden Administration announced a $1 billion program to incentivize “independent processing capacity” in the meat industry. Noting the irony of U.S. policy concurrently criticizing state-driven enterprise in China, the major meat packers responded with some pointed questions: • How much extra fabrication capacity is needed? • How high should cattle prices be? • How long will “independent” processors be subsidized? • How much will these new government paid packers be required to pay employees? (labor is the biggest challenge confronting the industry) This is not to say that imperfect competition does not exist in agrifood or in any other industry. Researchers in Canada and the U.S. examined...

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It was a somewhat volatile open but there was one certainty – wheat was going down. Joined by soyoil. Lower wheat weighed on corn, which hung on for a small gain. The story remains one of better weather and not much else to talk about, except shipments of grain out of Ukraine are occurrin...

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Western sanctions have bolstered interest by China and Russia in creating a third reserve currency to challenge the dollar and the euro. There is discussions of creating a BRICS (Brazil, Russia, India, China, South Africa) based basket currency similar to the IMF’s SDR’s. After all,...

feed-grains soy-oilseeds wheat

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Dec 22 Corn closed at $6.12/bushel, up $0.0175 from yesterday's close.  Dec 22 Wheat closed at $7.805/bushel, down $0.2225 from yesterday's close.  Nov 22 Soybeans closed at $13.9/bushel, up $0.09 from yesterday's close.  Dec 22 Soymeal closed at $400.6/short ton, up $4.5 from ye...

feed-grains soy-oilseeds wheat

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Western Currency Dominance

Western sanctions have bolstered interest by China and Russia in creating a third reserve currency to challenge the dollar and the euro. There is discussions of creating a BRICS (Brazil, Russia, India, China, South Africa) based basket currency similar to the IMF’s SDR’s. After all,...

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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.

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