Unilateral Everything; Not So Very Big; Ugly Bailout
Unilateral Everything U.S. President Trump gets blamed for “America First” unilateralism but in fact it is practiced equally by all countries. Agricultural protectionism has been a dominant factor for decades and many countries extend this to fisheries and forestry. However, i...
China In-Country Analysis
Public Health Coronavirus Criteria Adjusted, Recoveries Outpace Deaths The day after last week’s report, China adjusted its criteria for coronavirus (Covid-19) cases to include those individuals who have had only a clinical diagnosis. Previously, the country was reporting just individuals...
Black Sea Regional Analysis
Russian Grain Market: 10-14 February 2020 Grain prices on the domestic Russian market grew due to active demand from both exporters and processors. Meanwhile on the export market, prices mainly decreased. Milling wheat average price decreased to $222/MT FOB Black Sea. Purchase price decreased t...
Market Commentary
Overnight news that Australia’s 2019/20 wheat crop will be smaller than expected set the stage for a sharp rally in the CBOT wheat markets. Morning calls were for wheat to open higher and pull corn along with it, which is exactly what happened. Few, if any, analysts, however, expected whe...
China's Tariff Reductions
China announced this morning a list of 696 U.S. products for which importers may apply for a tariff exemption. Importers must apply for the exemption by 2 March, with a particular volume of imports specified in the application. Import volumes above the applied for amount will be subject to the...
Partial Analysis; WTO Repeated Error; China’s Virus Problem
Partial Analysis The EU undergoes a WTO trade policy review this week in Geneva and Maria Cipollina and Luca Salvatici write in the European Review of Agricultural Economics that the trading block’s tariffs have greatly redirected agricultural imports. The pair correctly note that agricul...
FOB Prices and Freight Rate App (Updated 18 February)
Update for 18 February 2020: New Data Added!! WPI has expanded the data offerings in this app to include DDGS, Sorghum, Soymeal, Corn Gluten Meal, Corn Gluent Feed Pellets, and additional FOB price indications for corn and soybeans. All other routes/offers updated through the day's close. ...
Change in Major Philippine Crops
Philippine President Rodrigo Duterte is a controversial leader and some critics complain that he has hurt the country’s agriculture by allowing increased imports at the same time food prices are rising. The most notable and dramatic increase has been in rice imports. The population annual...
Interactive Ocean Freight Rates (Updated 18 February)
Data Updated Through: 18 February 2020 New Features: Added 6 month, 1 year, 2 year, YTD, and "All" data selectors for easier navigation within charts. Also added data going back 6 months for the baltic dry-bulk panamax indexes: P2A: Gulf/Atlantic-Japan P2A: PNW/Pacific-Japan...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Egypt has announced that the population of the country has just reached 100 million people. Egypt will set up its first commodity exchange by January 2021 – wheat, corn, rice and sugar are the initial commodities that will b...
President's Day Holiday
Monday, 17 February 2020 is the President's Day holiday in the U.S. Financial markets will be closed and conseqiuently, WPI will not issue an Ag Perspectives report on Monday. New articles will begin to be posted on Tuesday, 17 February 2020. ...
Market Commentary
Note: CBOT and CME ag futures markets will be closed on Monday, 17 February for the U.S. President’s Day holiday. WPI offices will be closed as well. Enjoy the holiday! The CBOT opened on a stronger note with short covering again the feature of the morning. As the day wore on, howev...
Unilateral Everything; Not So Very Big; Ugly Bailout
Unilateral Everything U.S. President Trump gets blamed for “America First” unilateralism but in fact it is practiced equally by all countries. Agricultural protectionism has been a dominant factor for decades and many countries extend this to fisheries and forestry. However, i...
China In-Country Analysis
Public Health Coronavirus Criteria Adjusted, Recoveries Outpace Deaths The day after last week’s report, China adjusted its criteria for coronavirus (Covid-19) cases to include those individuals who have had only a clinical diagnosis. Previously, the country was reporting just individuals...
Black Sea Regional Analysis
Russian Grain Market: 10-14 February 2020 Grain prices on the domestic Russian market grew due to active demand from both exporters and processors. Meanwhile on the export market, prices mainly decreased. Milling wheat average price decreased to $222/MT FOB Black Sea. Purchase price decreased t...
Market Commentary
Overnight news that Australia’s 2019/20 wheat crop will be smaller than expected set the stage for a sharp rally in the CBOT wheat markets. Morning calls were for wheat to open higher and pull corn along with it, which is exactly what happened. Few, if any, analysts, however, expected whe...
China's Tariff Reductions
China announced this morning a list of 696 U.S. products for which importers may apply for a tariff exemption. Importers must apply for the exemption by 2 March, with a particular volume of imports specified in the application. Import volumes above the applied for amount will be subject to the...
Partial Analysis; WTO Repeated Error; China’s Virus Problem
Partial Analysis The EU undergoes a WTO trade policy review this week in Geneva and Maria Cipollina and Luca Salvatici write in the European Review of Agricultural Economics that the trading block’s tariffs have greatly redirected agricultural imports. The pair correctly note that agricul...
FOB Prices and Freight Rate App (Updated 18 February)
Update for 18 February 2020: New Data Added!! WPI has expanded the data offerings in this app to include DDGS, Sorghum, Soymeal, Corn Gluten Meal, Corn Gluent Feed Pellets, and additional FOB price indications for corn and soybeans. All other routes/offers updated through the day's close. ...
Change in Major Philippine Crops
Philippine President Rodrigo Duterte is a controversial leader and some critics complain that he has hurt the country’s agriculture by allowing increased imports at the same time food prices are rising. The most notable and dramatic increase has been in rice imports. The population annual...
Interactive Ocean Freight Rates (Updated 18 February)
Data Updated Through: 18 February 2020 New Features: Added 6 month, 1 year, 2 year, YTD, and "All" data selectors for easier navigation within charts. Also added data going back 6 months for the baltic dry-bulk panamax indexes: P2A: Gulf/Atlantic-Japan P2A: PNW/Pacific-Japan...
Middle East, Mediterranean and Africa Regional Analysis
Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA COMMENTS Egypt has announced that the population of the country has just reached 100 million people. Egypt will set up its first commodity exchange by January 2021 – wheat, corn, rice and sugar are the initial commodities that will b...
President's Day Holiday
Monday, 17 February 2020 is the President's Day holiday in the U.S. Financial markets will be closed and conseqiuently, WPI will not issue an Ag Perspectives report on Monday. New articles will begin to be posted on Tuesday, 17 February 2020. ...
Market Commentary
Note: CBOT and CME ag futures markets will be closed on Monday, 17 February for the U.S. President’s Day holiday. WPI offices will be closed as well. Enjoy the holiday! The CBOT opened on a stronger note with short covering again the feature of the morning. As the day wore on, howev...