World Perspectives

Want More Sales? Try Owning a Restaurant

The U.S. Census Bureau’s monthly advance retail sales report, released Tuesday, suggests that owning a restaurant is likely to be a sales-boosting endeavor in 2019. Okay, it didn’t really say that, but the report holds some interesting insights for the food and agribusiness industries (as well as restaurants). The first notable point in the report was that April’s total retail sales figure was up 3 percent versus the same period in 2018. The overall robust growth in retail sales suggests the backbone of the U.S. economy, consumer spending, is healthy and should support economic expansion. One reason consumer spending should remain healthy going forward is that the labor market continues to tighten. The number of job ope...

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Game of Chicken U.S. officials were celebrating China’s announcement that after half a dozen years of bogus excuses for keeping out American poultry, Beijing opened its market. The announcement came a week after the U.S. announced the opening of its market to cooked Chinese poultry meat...

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After a week of rolling, November contracts expired today and liquidation begins in the December contract. Otherwise, the market remains caught in sideways trading, which pushes opportunity into the spread trade. The USDA Export Sales report would ordinarily have influenced the day, but it is p...

Game of Chicken; Hard and Fast Numbers; Glyphosate Addiction

Game of Chicken U.S. officials were celebrating China’s announcement that after half a dozen years of bogus excuses for keeping out American poultry, Beijing opened its market. The announcement came a week after the U.S. announced the opening of its market to cooked Chinese poultry meat...

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China Opens to Chicken On 31 October, we reported that its was expected that broilers would be included in any U.S. China trade deal, and although that deal remains elusive, China announced today that it would open its market up to U.S. poultry. The access is effective immediately.  As we...

feed-grains soy-oilseeds wheat

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After a week of rolling, November contracts expired today and liquidation begins in the December contract. Otherwise, the market remains caught in sideways trading, which pushes opportunity into the spread trade. The USDA Export Sales report would ordinarily have influenced the day, but it is p...

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Summary of Futures

Dec 19 Corn closed at $3.7575/bushel, up $0.005 from yesterday's close.  Dec 19 Wheat closed at $5.0775/bushel, down $0.0125 from yesterday's close.  Jan 20 Soybeans closed at $9.1675/bushel, up $0.015 from yesterday's close.  Dec 19 Soymeal closed at $303.1/short ton, down $1 fr...

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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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