Final Hours of Policy Flurry and Fury
Congress is hitting the home stretch and policy making is at a frenzied paced. Following is a recap and some thoughts on implications. At this point, there are few details available as there are many moving parts. It will be a long weekend for policymakers and their staffs, and many long hours...
FOB Prices and Freight Rate App (Updated 12 December)
Update for 12 December 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. Freight Comments for 12 December 2019: Jay O’Neil, O’Neil Commod...
Interactive Ocean Freight Rates (Updated 12 December)
Data Updated Through: 12 December 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 - 12 December 2019 By Jay O'Neil Commodity Consulting Last week the Dry-Bulk market may have fou...
100 Years Trade War; Chemical Trade War
100 Years Trade War The trade war between the U.S. and China may or may not be getting a temporary reprieve late this week but the transatlantic war is about to heat up. The EU is trying to develop with other countries an arbitration approach to replace the WTO Appellate Body (AB) now defunct d...
Meat Suppliers Gain
Basic demand analysis correlates income growth with population increases and provides producers and marketers with a good understanding of the likely consumption pattern going forward. This is particularly true for animal proteins since they are more sensitive to income and to demographics. You...
Subsidies Beget Subsidies; Ag Power in Immigration
Subsidies Beget Subsidies One place where both Washington and Brussels are in agreement is on the distorting impacts of China’s centrally planned economy. And yet, no government is immune from the practice of trying to promote winners within an economy. The agriculture sector is a prime e...
WASDE Soymeal
Summary of USDA’s December 2019 Soymeal Estimates: The U.S. soybean meal price forecast is reduced $15.00 to $310.00 per short ton. ...
WASDE Soybeans
Summary of USDA’s December 2019 Soybean Estimates: Soybean supply and use projections for 2019/20 are unchanged from last month. The U.S. season-average soybean price for 2019/20 is forecast at $8.85 per bushel, down 15 cents. Global 2019/20 oilseed production is f...
WASDE Wheat
Summary of USDA’s December 2019 Wheat estimates: U.S. wheat exports are raised 25 million bushels to 975 million. Hard Red Winter and Durum exports are each raised 10 million bushels, and HRS is raised 5 million. With reduced supplies and higher use, 2019/20 ending stocks are...
USMCA Deal; WTO AB Expiration; Finnish Outreach; Leftist Agriculture Minister
USMCA Deal Indications are that the needle has been threaded in terms of changes demanded to USMCA by Congressional Democrats and found acceptable by Mexico. Perhaps key is a quote from American organized labor leader Richard Trumka who boasted, “We have pushed them hard and have done qui...
Southeast Europe Regional Analysis
Regional News The weather for Southeast Europe and the Black Sea remains broadly favorable for crop development. In Romania, there is an absence of significant frost/freeze worries while moisture remains near normal. In Bulgaria, above average temperatures and improving soil moisture conditions...
December 2019 WASDE Estimates
The December WASDE will be released tomorrow, December 10 at 11:00 Chicago time. This provides industry estimates on what to expect. Typically this is a minor report since it will not update US crop production numbers and only focus on the demand side of the balance sheet in a...
Final Hours of Policy Flurry and Fury
Congress is hitting the home stretch and policy making is at a frenzied paced. Following is a recap and some thoughts on implications. At this point, there are few details available as there are many moving parts. It will be a long weekend for policymakers and their staffs, and many long hours...
FOB Prices and Freight Rate App (Updated 12 December)
Update for 12 December 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. Freight Comments for 12 December 2019: Jay O’Neil, O’Neil Commod...
Interactive Ocean Freight Rates (Updated 12 December)
Data Updated Through: 12 December 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 - 12 December 2019 By Jay O'Neil Commodity Consulting Last week the Dry-Bulk market may have fou...
100 Years Trade War; Chemical Trade War
100 Years Trade War The trade war between the U.S. and China may or may not be getting a temporary reprieve late this week but the transatlantic war is about to heat up. The EU is trying to develop with other countries an arbitration approach to replace the WTO Appellate Body (AB) now defunct d...
Meat Suppliers Gain
Basic demand analysis correlates income growth with population increases and provides producers and marketers with a good understanding of the likely consumption pattern going forward. This is particularly true for animal proteins since they are more sensitive to income and to demographics. You...
Subsidies Beget Subsidies; Ag Power in Immigration
Subsidies Beget Subsidies One place where both Washington and Brussels are in agreement is on the distorting impacts of China’s centrally planned economy. And yet, no government is immune from the practice of trying to promote winners within an economy. The agriculture sector is a prime e...
WASDE Soymeal
Summary of USDA’s December 2019 Soymeal Estimates: The U.S. soybean meal price forecast is reduced $15.00 to $310.00 per short ton. ...
WASDE Soybeans
Summary of USDA’s December 2019 Soybean Estimates: Soybean supply and use projections for 2019/20 are unchanged from last month. The U.S. season-average soybean price for 2019/20 is forecast at $8.85 per bushel, down 15 cents. Global 2019/20 oilseed production is f...
WASDE Wheat
Summary of USDA’s December 2019 Wheat estimates: U.S. wheat exports are raised 25 million bushels to 975 million. Hard Red Winter and Durum exports are each raised 10 million bushels, and HRS is raised 5 million. With reduced supplies and higher use, 2019/20 ending stocks are...
USMCA Deal; WTO AB Expiration; Finnish Outreach; Leftist Agriculture Minister
USMCA Deal Indications are that the needle has been threaded in terms of changes demanded to USMCA by Congressional Democrats and found acceptable by Mexico. Perhaps key is a quote from American organized labor leader Richard Trumka who boasted, “We have pushed them hard and have done qui...
Southeast Europe Regional Analysis
Regional News The weather for Southeast Europe and the Black Sea remains broadly favorable for crop development. In Romania, there is an absence of significant frost/freeze worries while moisture remains near normal. In Bulgaria, above average temperatures and improving soil moisture conditions...
December 2019 WASDE Estimates
The December WASDE will be released tomorrow, December 10 at 11:00 Chicago time. This provides industry estimates on what to expect. Typically this is a minor report since it will not update US crop production numbers and only focus on the demand side of the balance sheet in a...