World Perspectives

Recent China Analysis

feed-grains soy-oilseeds wheat

Market Commentary

Note that the CBOT markets will be closed on Monday, 20 January 2020 for the Martin Luther King Jr. holiday.  The CBOT traded another volatile day with corn erasing yesterday’s steep losses and wheat, soybeans, and soyoil all finishing higher as well. Rumors of Chinese corn and sorgh...

livestock

Growing Chinese Dairy Market

Reflecting the rapid growth of China’s dairy import needs, albeit from a small base, the new economic agreement between Beijing and Washington includes market access requirements intended to grow the trade. As is common throughout the agreement, the U.S. commits to working on removing its...

livestock

Livestock Round Up

China Phase One Trade Deal and Proteins President Trump and Vice Premier He signed the Phase One China trade deal yesterday. As had been widely expected, China’s commitment is an aggregate marginal increase of $32 billion in total ag purchases over the next two years. This increase would...

soy-oilseeds

Oilseed Highlights: NOPA Soy Crush; Soy Export Sales; Uncertainty About Sales to China

Near Record NOPA Soybean Crush in December The National Oilseed Processors Association yesterday released its monthly soybean crush report for December. The report indicated NOPA’s members reported crushing 174.812 million bushels (4.758 MMT) of soybeans in December. That was up from the...

China Purchasing Loophole; China Deal Worsens Transatlantic; USMCA Victory

China Purchasing Loophole First, it is important to reemphasize the point made in yesterday’s report that the key achievement in the Phase One trade deal between the U.S. and China is in the technical language. Unlike any other trade agreement, this one contains explicit contractual terms...

feed-grains soy-oilseeds wheat

Signing Day for the U.S. and China

Friday’s reports from USDA have come and gone raising very little fanfare in the process. There were mild surprises in that NASS raised corn and soybean yields slightly when conventional wisdom presumed they would be lowered. However, reductions in harvested area for both crops offset mos...

feed-grains soy-oilseeds wheat

Market Commentary

China was, of course, the focus for today’s trading but the CBOT opened with notable activity before the trade agreement was released. Wheat futures posted strong gains early in the trading day with buy wheat/sell corn trade. The soy complex was broadly weaker after palm oil futures and E...

Trade Negotiator Frustrations; Larger Opportunities

Trade Negotiator Frustrations Much of the media coverage of the U.S. – China Phase One trade agreement has centered around Beijing’s commitment to fixed amounts of purchases of goods, services, energy and agriculture. But for U.S. trade negotiators, the focus should be on the techni...

U.S.-China Phase One Agreement Text

The attached PDF (made available to WPI by the office of the U.S. Trade Representative) contains the full text of the Phase One U.S.-China trade agreement. WPI will offer a full analysis of this document, its implications, and further developments in trade negotiations between the two coun...

Return to Managed Trade

Critics of the trade deal signed today between the U.S. and China lament President Trump’s policy tilt toward “managed trade.” Trump Administration officials resigned themselves that if they could not compel China (and other countries) into greater market orientation, they wou...

feed-grains soy-oilseeds wheat

China In-Country Analysis

Livestock Rapid Rise in Live Hog Price Shows Beijing’s Myopic Ineptitude Newly released information from China’s National Bureau of Statistics reveals just how slow of a moving train wreck the rise in pork prices has been as a result of African Swine Fever (ASF). According to the da...

Tomorrow’s Trade Deal Revelations; Subsidies Agreement; Future of Futures

Tomorrow’s Trade Deal Revelations The actual text of a bilateral trade deal between the U.S. and China is supposed to be released tomorrow, although key parts will be missing. Thus far, information about the agreement has been the verbal spin of Trump Administration officials. One point m...

feed-grains soy-oilseeds wheat

Market Commentary

Note that the CBOT markets will be closed on Monday, 20 January 2020 for the Martin Luther King Jr. holiday.  The CBOT traded another volatile day with corn erasing yesterday’s steep losses and wheat, soybeans, and soyoil all finishing higher as well. Rumors of Chinese corn and sorgh...

livestock

Growing Chinese Dairy Market

Reflecting the rapid growth of China’s dairy import needs, albeit from a small base, the new economic agreement between Beijing and Washington includes market access requirements intended to grow the trade. As is common throughout the agreement, the U.S. commits to working on removing its...

livestock

Livestock Round Up

China Phase One Trade Deal and Proteins President Trump and Vice Premier He signed the Phase One China trade deal yesterday. As had been widely expected, China’s commitment is an aggregate marginal increase of $32 billion in total ag purchases over the next two years. This increase would...

soy-oilseeds

Oilseed Highlights: NOPA Soy Crush; Soy Export Sales; Uncertainty About Sales to China

Near Record NOPA Soybean Crush in December The National Oilseed Processors Association yesterday released its monthly soybean crush report for December. The report indicated NOPA’s members reported crushing 174.812 million bushels (4.758 MMT) of soybeans in December. That was up from the...

China Purchasing Loophole; China Deal Worsens Transatlantic; USMCA Victory

China Purchasing Loophole First, it is important to reemphasize the point made in yesterday’s report that the key achievement in the Phase One trade deal between the U.S. and China is in the technical language. Unlike any other trade agreement, this one contains explicit contractual terms...

feed-grains soy-oilseeds wheat

Signing Day for the U.S. and China

Friday’s reports from USDA have come and gone raising very little fanfare in the process. There were mild surprises in that NASS raised corn and soybean yields slightly when conventional wisdom presumed they would be lowered. However, reductions in harvested area for both crops offset mos...

feed-grains soy-oilseeds wheat

Market Commentary

China was, of course, the focus for today’s trading but the CBOT opened with notable activity before the trade agreement was released. Wheat futures posted strong gains early in the trading day with buy wheat/sell corn trade. The soy complex was broadly weaker after palm oil futures and E...

Trade Negotiator Frustrations; Larger Opportunities

Trade Negotiator Frustrations Much of the media coverage of the U.S. – China Phase One trade agreement has centered around Beijing’s commitment to fixed amounts of purchases of goods, services, energy and agriculture. But for U.S. trade negotiators, the focus should be on the techni...

U.S.-China Phase One Agreement Text

The attached PDF (made available to WPI by the office of the U.S. Trade Representative) contains the full text of the Phase One U.S.-China trade agreement. WPI will offer a full analysis of this document, its implications, and further developments in trade negotiations between the two coun...

Return to Managed Trade

Critics of the trade deal signed today between the U.S. and China lament President Trump’s policy tilt toward “managed trade.” Trump Administration officials resigned themselves that if they could not compel China (and other countries) into greater market orientation, they wou...

feed-grains soy-oilseeds wheat

China In-Country Analysis

Livestock Rapid Rise in Live Hog Price Shows Beijing’s Myopic Ineptitude Newly released information from China’s National Bureau of Statistics reveals just how slow of a moving train wreck the rise in pork prices has been as a result of African Swine Fever (ASF). According to the da...

Tomorrow’s Trade Deal Revelations; Subsidies Agreement; Future of Futures

Tomorrow’s Trade Deal Revelations The actual text of a bilateral trade deal between the U.S. and China is supposed to be released tomorrow, although key parts will be missing. Thus far, information about the agreement has been the verbal spin of Trump Administration officials. One point m...

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