The Evolving Trading System; CAP’s Fault; Fooled Foodies
The Evolving Trading System WTO Director General Roberto Azevêdo laments that people are forgetting the importance of a rule-based system of economic cooperation. Former Clinton Administration trade negotiator Harry Broadman laments that under President Trump, the U.S. has become more lik...
Bad Tariff Idea; Hurdles to New Breeding Techniques
Bad Tariff Idea In an effort to rationalize the imposition of tariffs by President Trump, some Republicans are trying to create support for them by directing their use toward politically attractive ends, such as aiding poor people. The concept of redirecting punitive duties has already been tri...
FOB Prices and Freight Rate App (Updated 11 October)
Update for 11 October 2019: All other routes/offers updated through the day's close. Note: Due to client request, WPI has added data for corn prices FOB France, Russia, and a general Black Sea price. Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consult...
Interactive Ocean Freight Rates (Updated 17 October)
Data Updated Through: 17 October 2019 Note: Due to client request, WPI has started including rates for 60,000 MT vessels from Russia and Ukraine to Egypt. Ocean Freight Insights and Comments - 17 October 2019 By Jay O'Neil Commodity Consulting It remains difficult for dry-bulk markets to...
Southeast Europe Regional Analysis
Regional News Ukraine has already exported 15.096 MMT of grain since the 2019/20 marketing year started, a 4.6 MMT increase from the same time in 2018/19. The country has shipped 9.6 MMT of wheat, 3.0 MMT of barley, 2,000 MT of rye, and 2.4 MMT of corn. The country also said its grain harvest t...
Sustainability’s Implications
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As the EU presses its farmers to adopt practices that are environmentally sound, these producers increasingly agitate to have the same standards applied to food produced elsewhere and imported into Europe. It is an understandable plea for fairness but arriving at sound and equivalent measuremen...
WASDE Soymeal
USDA Reports: The soybean meal price is forecast at $325.00 per short ton, up $20.00. ...
WASDE Soybeans
USDA Reports: U.S. oilseed production for 2019/20 is projected at 107.9 million tons, down 2.3 million from last month. Soybean production is forecast at 3.6 billion bushels, down 83 million, mainly on lower yields. The soybean yield is projected at 46.9 bushels per acre, down...
World Wheat’s Sad Story
A long time ago, we spent quite a few years involved in merchandising U.S. wheat for export to markets scattered around the globe from the former Soviet Union to China and the rest of Asia. Wheat dominated world grain trade, and U.S. wheat dominated world wheat trade. Those were exciting...
Southeast Europe Regional Analysis
Regional News Russian Deputy Prime Minister Alexei Gordeyev remarked on Saturday that the world’s leading grain exporters should consider forming an OPEC-like cartel. The idea is not new, as Gordeyev previously lobbied for such an organization during his 10-year tenure as agriculture mini...
Misreading Airbus Tariffs; Perdue Fails Egg Farmers
Misreading Airbus Tariffs President Trump is about to impose tariffs on European goods using WTO-sanctioned authority in the Airbus case. Europeans are understandably upset but some of the reactions are a misreading of the facts. Including these: • As usual, there is the argument that it h...
Livestock Roundup
Tariffs Come and Tariffs Go Now that the Section 232 tariffs on Mexican steel and Mexico’s retaliatory tariffs on U.S. pork have been lifted, some normalcy has been restored to U.S. pork’s largest volume export market. Additionally, the U.S. - Japan trade deal has been s...
The Evolving Trading System; CAP’s Fault; Fooled Foodies
The Evolving Trading System WTO Director General Roberto Azevêdo laments that people are forgetting the importance of a rule-based system of economic cooperation. Former Clinton Administration trade negotiator Harry Broadman laments that under President Trump, the U.S. has become more lik...
Bad Tariff Idea; Hurdles to New Breeding Techniques
Bad Tariff Idea In an effort to rationalize the imposition of tariffs by President Trump, some Republicans are trying to create support for them by directing their use toward politically attractive ends, such as aiding poor people. The concept of redirecting punitive duties has already been tri...
FOB Prices and Freight Rate App (Updated 11 October)
Update for 11 October 2019: All other routes/offers updated through the day's close. Note: Due to client request, WPI has added data for corn prices FOB France, Russia, and a general Black Sea price. Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consult...
Interactive Ocean Freight Rates (Updated 17 October)
Data Updated Through: 17 October 2019 Note: Due to client request, WPI has started including rates for 60,000 MT vessels from Russia and Ukraine to Egypt. Ocean Freight Insights and Comments - 17 October 2019 By Jay O'Neil Commodity Consulting It remains difficult for dry-bulk markets to...
Southeast Europe Regional Analysis
Regional News Ukraine has already exported 15.096 MMT of grain since the 2019/20 marketing year started, a 4.6 MMT increase from the same time in 2018/19. The country has shipped 9.6 MMT of wheat, 3.0 MMT of barley, 2,000 MT of rye, and 2.4 MMT of corn. The country also said its grain harvest t...
Sustainability’s Implications
As the EU presses its farmers to adopt practices that are environmentally sound, these producers increasingly agitate to have the same standards applied to food produced elsewhere and imported into Europe. It is an understandable plea for fairness but arriving at sound and equivalent measuremen...
WASDE Soymeal
USDA Reports: The soybean meal price is forecast at $325.00 per short ton, up $20.00. ...
WASDE Soybeans
USDA Reports: U.S. oilseed production for 2019/20 is projected at 107.9 million tons, down 2.3 million from last month. Soybean production is forecast at 3.6 billion bushels, down 83 million, mainly on lower yields. The soybean yield is projected at 46.9 bushels per acre, down...
World Wheat’s Sad Story
A long time ago, we spent quite a few years involved in merchandising U.S. wheat for export to markets scattered around the globe from the former Soviet Union to China and the rest of Asia. Wheat dominated world grain trade, and U.S. wheat dominated world wheat trade. Those were exciting...
Southeast Europe Regional Analysis
Regional News Russian Deputy Prime Minister Alexei Gordeyev remarked on Saturday that the world’s leading grain exporters should consider forming an OPEC-like cartel. The idea is not new, as Gordeyev previously lobbied for such an organization during his 10-year tenure as agriculture mini...
Misreading Airbus Tariffs; Perdue Fails Egg Farmers
Misreading Airbus Tariffs President Trump is about to impose tariffs on European goods using WTO-sanctioned authority in the Airbus case. Europeans are understandably upset but some of the reactions are a misreading of the facts. Including these: • As usual, there is the argument that it h...
Livestock Roundup
Tariffs Come and Tariffs Go Now that the Section 232 tariffs on Mexican steel and Mexico’s retaliatory tariffs on U.S. pork have been lifted, some normalcy has been restored to U.S. pork’s largest volume export market. Additionally, the U.S. - Japan trade deal has been s...