World Perspectives

Recent China Analysis

livestock

AI Impact

As the media tracks the spread of the Omicron version of COVID, there are reports of additional outbreaks of highly pathogenic avian influenza (H5N1) in Europe. Like COVID, there are many varieties of avian influenza (AI) with low pathogenic the predominant form but high pathogenic forms consti...

India’s Dangerous Reversal; Dems vs. Coms

India’s Dangerous Reversal Indian Prime Minister Narendra Modi’s recent reversal on farm policy reforms will reverberate for years to come. Essentially, the nation will revert to a system that used a market support price (MSP) to boost farmer income but at levels above what would al...

livestock

China Does it Again

Tomorrow is “turkey-day” in the U.S. but today the story is beef. Prices are up nearly 30 percent and while the cattle cycle is part of the story, there is little doubt that China is a major contributing factor. While beef imports by the rest of the world are little changed over the...

Slippery Liability Slope; Papered Over; IP Confusion; Trilateral Double Talk

Slippery Liability Slope A federal jury in Ohio opined that since the pharmacies at major corporations filled prescriptions for opioids, they are therefore guilty of being complicit in the addiction epidemic to the drugs. Unlike the manufacturers of opioids, food processors have not yet been fo...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Livestock Feed Demand Slows in Q4  Data from the surveys of China’s Ministry of Agriculture and Rural Affairs (MARA) Affairs and the China Feed Industry Association show feed output for October at 25.2 MMT. That represents a .2 percent increase from a year ago but a month-on-month de...

Farm Bill Outlook; China Phase One

Farm Bill Outlook Former Congressional staffer turned University of Illinois professor Jonathon Coppess correctly opines that negotiation on the 2023 farm bill may be quite contentious. That is because farm support programs benefit a very narrow subset of the population, and a vocal group of op...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Argentina’s government has already started playing games with the export declarations allowances. They reopened the export registry for additional quantities of 100 KMT of old crop (2020/2021) against a vessel nominations, plus 500 KMT of new crop wheat and 1 MMT of new crop corn. After t...

feed-grains soy-oilseeds wheat

Market Commentary: Record Gains, Then Losses

It was a strange trading day with twists and turns that were at a minimum, unusual: Grains and oilseeds all closed higher overnight and then continued that trend in this morning’s open, with wheat again leading with double-digit higher gains.  There were new contract highs in SRW...

State-led Chips; Grand Bargain Needed

State-led Chips Governments around the world spend billions of dollars in pursuit of food security and now the focus has expanded to computer security. China is prioritizing its domestic needs ahead of exporting semiconductors, which will squeeze overseas customers. Meanwhile, the U.S. Congress...

soy-oilseeds

Oilseed Highlights: Soy Sales; U.S. Soyoil Stocks; Lysine Shortage; Brazilian Production Costs

Soy Export Sales Highlights Today’s USDA/FAS export sales report indicated exporters of U.S. soybeans and soymeal had fair success making export sales during the week ending 11 November. Sales of soyoil for export were excellent and the largest weekly total since the week ending 5 Novembe...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Break Long-Term Resistance; Meal Extends Rally; SRW Wheat Posts Contract Highs

Bulls won the day Wednesday as the CBOT was higher across the board. The soy complex led the way higher on strong export news and soybeans posted a technical breakout, which triggered buy-stops and fund buying. Wheat futures were stronger with the Chicago market posting new contract highs befor...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Macroeconomics Food Prices Fall Again But Pace Slows With the average prices for fresh vegetables climbing by 15.9 percent year-on-year in October, the cost of food was down by just 2.4 percent last month on an annual basis. That marked the fifth straight month of a decrease in the cost food. H...

feed-grains soy-oilseeds wheat

Market Commentary: Soymeal Rally Continues; NOPA Crush Report Supportive; New Highs for Chicago Wheat

Soymeal and Chicago wheat were the upside leaders at the CBOT on Monday. Soymeal saw a round of active short-covering and technical buying while the wheat market posted fresh contract highs on Russian export concerns. The soymeal rally helped pull soybean futures higher and near long-term techn...

COP26 Informs MC12; He Who Pays; Tech Sovereignty

COP26 Informs MC12 COP26 has ended and MC12 is about to begin and while the substance is vastly different, both share the goal of reaching global agreement to do important things. On both topics, the world is divided: rich versus poor, transatlantic versus Asia. Climate campaigners mounted prot...

feed-grains soy-oilseeds wheat

Market Commentary: Soymeal Rally Leads CBOT; Brazil Approves GM Wheat Flour; China Likely Buyer of U.S. Soy

The CBOT ended sharply higher for the day with soymeal – surprisingly enough – leading the way higher. Soymeal futures posted a massive bullish rally that triggered buy-stops and technical buying along the way. The strength in soymeal pulled soybeans higher, which in turn supported...

soy-oilseeds

Oilseed Highlights: China Soy Crush; U.S. Soy Yield; Egypt Tender; NOPA Crush

China’s Soybean Crush Increasing as Power Rationing Ends For the last several weeks many Chinese soybean processors were forced to shut down because of government decrees rationing electrical power. However, the power rationing has now ended, and the processors have been able to operate t...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Posts Contract Highs on Russia Tax/Quota Rumors; China Seeking Ukrainian Corn

Traders adopted a “risk-on” mentality the day after the November WASDE with wheat playing the role of the upside leader. While soybeans received a surprise bullish jolt yesterday from the WASDE, today was all about wheat and the reminder that world supplies remain tight this year. F...

soy-oilseeds feed-grains

CAFTA-DR Rewrite; Phase One Failure; Divergent Transatlantic

CAFTA-DR Rewrite When the CAFTA-DR FTA was finalized back in 2004, GDP in the Central American region was 30 percent smaller. Since that time, growth as been disproportionate. The Costa Rican economy has grown by 65 percent, Guatemala and Honduras are 37 percent richer, and the Dominican Republ...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Macro Trends U.S. Ag Exports to China Set Record Through September For the first nine months of 2021, the U.S. has shipped a total of 37.17 MMT of agricultural products with an export value of $18.97 billion. That compares to 23.83 MMT worth $12.03 billion for the same period in 2020. The previ...

soy-oilseeds

WASDE Soyoil

The U.S. season-average soyoil price for 2020/21 is unchanged at 65.0 cents per pound...

soy-oilseeds

WASDE Soymeal

The U.S. season-average soymeal price for 2020/21 is unchanged at $325 per short ton...

soy-oilseeds

WASDE Soybeans

The November WASDE projected U.S. soybean ending stocks at 340 million bushels for the 2021/22 season. That estimate is up 20 million from the October forecast. The projected season-average soybean price received by producers is reduced 25 cents to $12.10 per bushel. Global soybean stocks are r...

feed-grains

WASDE Corn

The November WASDE projected U.S. corn ending stocks at 1,493 million bushels for the 2021/22 season. This estimate is down 7 million from the October forecast. The projected season-average corn price received by producers is unchanged at $5.45 per bushel. Global coarse grain production for 202...

Inflation Sparks Changes; China Hits Unions

Inflation Sparks Changes Food is one of the four essentials of life and yet politicians often tax it domestically and impose tariffs against its importation. That is until food prices move too high and start to get people real mad. Brazil has announced a 10 percent cut in the import tariff to f...

livestock

AI Impact

As the media tracks the spread of the Omicron version of COVID, there are reports of additional outbreaks of highly pathogenic avian influenza (H5N1) in Europe. Like COVID, there are many varieties of avian influenza (AI) with low pathogenic the predominant form but high pathogenic forms consti...

India’s Dangerous Reversal; Dems vs. Coms

India’s Dangerous Reversal Indian Prime Minister Narendra Modi’s recent reversal on farm policy reforms will reverberate for years to come. Essentially, the nation will revert to a system that used a market support price (MSP) to boost farmer income but at levels above what would al...

livestock

China Does it Again

Tomorrow is “turkey-day” in the U.S. but today the story is beef. Prices are up nearly 30 percent and while the cattle cycle is part of the story, there is little doubt that China is a major contributing factor. While beef imports by the rest of the world are little changed over the...

Slippery Liability Slope; Papered Over; IP Confusion; Trilateral Double Talk

Slippery Liability Slope A federal jury in Ohio opined that since the pharmacies at major corporations filled prescriptions for opioids, they are therefore guilty of being complicit in the addiction epidemic to the drugs. Unlike the manufacturers of opioids, food processors have not yet been fo...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Livestock Feed Demand Slows in Q4  Data from the surveys of China’s Ministry of Agriculture and Rural Affairs (MARA) Affairs and the China Feed Industry Association show feed output for October at 25.2 MMT. That represents a .2 percent increase from a year ago but a month-on-month de...

Farm Bill Outlook; China Phase One

Farm Bill Outlook Former Congressional staffer turned University of Illinois professor Jonathon Coppess correctly opines that negotiation on the 2023 farm bill may be quite contentious. That is because farm support programs benefit a very narrow subset of the population, and a vocal group of op...

feed-grains soy-oilseeds wheat

Mercosur Regional Analysis

Argentina’s government has already started playing games with the export declarations allowances. They reopened the export registry for additional quantities of 100 KMT of old crop (2020/2021) against a vessel nominations, plus 500 KMT of new crop wheat and 1 MMT of new crop corn. After t...

feed-grains soy-oilseeds wheat

Market Commentary: Record Gains, Then Losses

It was a strange trading day with twists and turns that were at a minimum, unusual: Grains and oilseeds all closed higher overnight and then continued that trend in this morning’s open, with wheat again leading with double-digit higher gains.  There were new contract highs in SRW...

State-led Chips; Grand Bargain Needed

State-led Chips Governments around the world spend billions of dollars in pursuit of food security and now the focus has expanded to computer security. China is prioritizing its domestic needs ahead of exporting semiconductors, which will squeeze overseas customers. Meanwhile, the U.S. Congress...

soy-oilseeds

Oilseed Highlights: Soy Sales; U.S. Soyoil Stocks; Lysine Shortage; Brazilian Production Costs

Soy Export Sales Highlights Today’s USDA/FAS export sales report indicated exporters of U.S. soybeans and soymeal had fair success making export sales during the week ending 11 November. Sales of soyoil for export were excellent and the largest weekly total since the week ending 5 Novembe...

feed-grains soy-oilseeds wheat

Market Commentary: Soybeans Break Long-Term Resistance; Meal Extends Rally; SRW Wheat Posts Contract Highs

Bulls won the day Wednesday as the CBOT was higher across the board. The soy complex led the way higher on strong export news and soybeans posted a technical breakout, which triggered buy-stops and fund buying. Wheat futures were stronger with the Chicago market posting new contract highs befor...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Macroeconomics Food Prices Fall Again But Pace Slows With the average prices for fresh vegetables climbing by 15.9 percent year-on-year in October, the cost of food was down by just 2.4 percent last month on an annual basis. That marked the fifth straight month of a decrease in the cost food. H...

feed-grains soy-oilseeds wheat

Market Commentary: Soymeal Rally Continues; NOPA Crush Report Supportive; New Highs for Chicago Wheat

Soymeal and Chicago wheat were the upside leaders at the CBOT on Monday. Soymeal saw a round of active short-covering and technical buying while the wheat market posted fresh contract highs on Russian export concerns. The soymeal rally helped pull soybean futures higher and near long-term techn...

COP26 Informs MC12; He Who Pays; Tech Sovereignty

COP26 Informs MC12 COP26 has ended and MC12 is about to begin and while the substance is vastly different, both share the goal of reaching global agreement to do important things. On both topics, the world is divided: rich versus poor, transatlantic versus Asia. Climate campaigners mounted prot...

feed-grains soy-oilseeds wheat

Market Commentary: Soymeal Rally Leads CBOT; Brazil Approves GM Wheat Flour; China Likely Buyer of U.S. Soy

The CBOT ended sharply higher for the day with soymeal – surprisingly enough – leading the way higher. Soymeal futures posted a massive bullish rally that triggered buy-stops and technical buying along the way. The strength in soymeal pulled soybeans higher, which in turn supported...

soy-oilseeds

Oilseed Highlights: China Soy Crush; U.S. Soy Yield; Egypt Tender; NOPA Crush

China’s Soybean Crush Increasing as Power Rationing Ends For the last several weeks many Chinese soybean processors were forced to shut down because of government decrees rationing electrical power. However, the power rationing has now ended, and the processors have been able to operate t...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Posts Contract Highs on Russia Tax/Quota Rumors; China Seeking Ukrainian Corn

Traders adopted a “risk-on” mentality the day after the November WASDE with wheat playing the role of the upside leader. While soybeans received a surprise bullish jolt yesterday from the WASDE, today was all about wheat and the reminder that world supplies remain tight this year. F...

soy-oilseeds feed-grains

CAFTA-DR Rewrite; Phase One Failure; Divergent Transatlantic

CAFTA-DR Rewrite When the CAFTA-DR FTA was finalized back in 2004, GDP in the Central American region was 30 percent smaller. Since that time, growth as been disproportionate. The Costa Rican economy has grown by 65 percent, Guatemala and Honduras are 37 percent richer, and the Dominican Republ...

feed-grains soy-oilseeds livestock

China In-Country Analysis

Macro Trends U.S. Ag Exports to China Set Record Through September For the first nine months of 2021, the U.S. has shipped a total of 37.17 MMT of agricultural products with an export value of $18.97 billion. That compares to 23.83 MMT worth $12.03 billion for the same period in 2020. The previ...

soy-oilseeds

WASDE Soyoil

The U.S. season-average soyoil price for 2020/21 is unchanged at 65.0 cents per pound...

soy-oilseeds

WASDE Soymeal

The U.S. season-average soymeal price for 2020/21 is unchanged at $325 per short ton...

soy-oilseeds

WASDE Soybeans

The November WASDE projected U.S. soybean ending stocks at 340 million bushels for the 2021/22 season. That estimate is up 20 million from the October forecast. The projected season-average soybean price received by producers is reduced 25 cents to $12.10 per bushel. Global soybean stocks are r...

feed-grains

WASDE Corn

The November WASDE projected U.S. corn ending stocks at 1,493 million bushels for the 2021/22 season. This estimate is down 7 million from the October forecast. The projected season-average corn price received by producers is unchanged at $5.45 per bushel. Global coarse grain production for 202...

Inflation Sparks Changes; China Hits Unions

Inflation Sparks Changes Food is one of the four essentials of life and yet politicians often tax it domestically and impose tariffs against its importation. That is until food prices move too high and start to get people real mad. Brazil has announced a 10 percent cut in the import tariff to f...

Select Filters to Apply

  • Markets
  • Publications

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up