World Perspectives

Recent India Analysis

Morality Trade

Trade and industry are not just distorted by tariffs a la Donald Trump, but increasingly by sanctions intended to protect a political or moral principle.  • India says it will not buy Malaysian palm oil because Kuala Lumpur disagreed with New Delhi’s actions in Kashmir.  &b...

soy-oilseeds

WASDE Soyoil

USDA Reports: The soybean oil price forecast is raised 0.5 cents to 30.0 cents per pound...

soy-oilseeds

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...

Impeachment Impacts; WPI and Impeachment; U.S. – India Negotiations

Impeachment Impacts President Trump has tried to characterize his House Democratic antagonists as ignoring the needs of the American people by instead focusing all their time on impeachment. House Speaker Nancy Pelosi responded by saying they will continue their work on the USMCA agreement. Ind...

soy-oilseeds

Oilseed Highlights: U.S. Soy Yield, Argentine Soy Crushers, Soy Export Sales, Indian Soy

The Case for an Average U.S. Soybean Yield Below USDA’s Forecast USDA’s most recent forecast for the average U.S. soybean yield in 2019 is 47.9 bushels per acre (3.22 MT/hectare). That is below the average of the last 3 years. However, is it still too high? A look at the most recent...

soy-oilseeds

WASDE Soyoil

USDA soyoil estimates: The soybean oil price forecast is unchanged at 29.5 cents per pound...

Aggressive New EU Leadership; USMCA Labor Solution; Indian Ally

Aggressive New EU Leadership Under John Claude Juncker, the EU seemed confused on how to deal with Donald Trump, never having previously experienced such antagonism from an American leader. There was even a nonsensical trade agreement letter that was supposed to reduce the transatlantic tension...

soy-oilseeds

Oilseed Highlights: U.S. Soy Export Sales; Crop Tour; Too Much Rain in India; China's Soyoil; Canadian Oilseeds

U.S. Soy Export sales Highlights Today USDA released the weekly export sales report for the week ending 15 August. It indicated net sales of soybeans totaled 25,900 MT for MY 2018/19 shipment. Sales to Germany (68,500 MT), Indonesia (56,000 MT), Bangladesh (53,100 MT), Portugal (35,000 MT), Ita...

soy-oilseeds

WASDE Soyoil

USDA reports for August 2019: Global oilseed supply and demand forecasts include lower production, trade, and stocks compared to last month. Lower soybean, rapeseed, and peanut production are partly offset by higher sunflowerseed output. Rapeseed production is lowered for the EU mainly on a low...

soy-oilseeds

WASDE Soymeal

USDA reports for August 2019: Changes for 2018/19 include reduced soybean crush, reflecting lower domestic use and exports of soybean meal. Soybean ending stocks are projected at 1.07 billion bushels, up 20 million. China’s soybean imports are lowered 2 million tons to 85 million reflecti...

soy-oilseeds

WASDE Soybeans

USDA reports for August 2019: U.S. oilseed production is projected at 111.5 million tons, down 4.5 million from last month mainly due to a lower soybean production forecast. Soybean production is forecast at 3.68 billion bushels, down 165 million on lower harvested area. Harvested area is forec...

A New Normal for U.S.-China Trade?

The modern U.S.-China trade relationship has always been strained. President George W. Bush addressed this challenge by bringing China into the WTO to force its compliance with global trading rules. However, that didn’t work. While two-way trade did grow significantly, so did China&r...

biofuel feed-grains

Focus on New Products/Markets

Brazil has the largest fleet of cars converted to use the highest blends of ethanol, and the government is reportedly debating whether to remove duties on imports of the U.S.-sourced fuel. As is usual in many countries, the agriculture ministry opposes such a move, but others in the government...

EU-Mercosur Wreck; No Indian Epiphany

EU-Mercosur Wreck EU leaders proudly announced a trade agreement with the Mercosur group of countries last month, but that is now in political jeopardy. Environmentalists have joined with farmers in opposing the plan. French Agriculture Minister Didier Guillaume says that his country will not p...

soy-oilseeds

Oilseed Highlights: U.S.-China Trade Update; Monsoonal Effect on India’s Soy Crop; U.S. Soy Sales

Hope for Breakthrough in Next Week’s U.S.–China Negotiations It is now confirmed that USTR Lighthizer and Treasury Secretary Mnuchin will meet next Tuesday in Shanghai with top Chinese trade negotiators to continue discussions aimed at ending the ongoing trade dispute. According to...

feed-grains wheat livestock

Feeding the World

The current global population is estimated to total around 7.5 billion. By most measures, the world creates or produces enough food to feed them all. In theory, the world’s food security has never been higher. Nevertheless, it is estimated that around 800 million people – more than...

soy-oilseeds

Oilseed Highlights: U.S. Soy Export Sales; Higher Brazil Freight Rates; EU Rapeseed; India’s Monsoon Issue

Not Much Improvement in U.S. Soy Export Sales Last Week Today’s USDA export sales report indicated the week ending 11 July was another challenging one for the U.S. soy complex. However, soybean exports last week were the highest since the week ending 21 March 2019. The report indicated ne...

Barriers and Ag’s Future; Plurilateral Future

Barriers and Ag’s Future The Greens and other liberal groups in Europe have aligned their sights on turning European agriculture into a chemical-free, non-intensive industry. Rather than just attack from the European Parliament’s largest committee, the Environment Committee, they ha...

soy-oilseeds

WASDE Soyoil

USDA Notes: Global oilseed exports for 2019/20 are projected at 175.0 million tons, down slightly from last month.  Global oilseed ending stocks for 2019/20 are reduced 10.7 million tons to 119.5 million, mainly on lower soybean stocks for the United States, Argentina, and Brazil.  Th...

soy-oilseeds

WASDE Soybeans

USDA Notes: Soybean production for 2019/20 is projected at 3.845 billion bushels, down 305 million based on lower planted and harvested area in the June 28 Acreage report and on lower projected yields.  Harvested area, forecast at 79.3 million acres, is down 4.5 million from last month.&nb...

U.S.-Japan FTA Will Cost; Varied GMO Approaches

U.S.-Japan FTA Will Cost Junnosuke Kobara at Nikkei provides analysis showing that while Japanese farmers may be few in number, they have outsized influence when voting as a bloc. The analysis is important because there is an Upper House election in two weeks, and the Abe government is negotiat...

Taking Stock of the Political Risks Facing Agriculture

Markets, industries and companies are constantly exposed to political risk (i.e., the impact that changes in policies and regulations can have on profitability). Indeed, virtually every major company’s filings with the Securities and Exchange Commission (SEC) includes some comment or disc...

Legs of War; No Cigar

Legs of War The news that Presidents Trump and Xi plus their negotiators will have extended bilateral discussions around the G20 Summit was seen as hopeful but not definitive. Both sides are dug in deep and short of one side or the other (or both). As it incurs economic calamity, this war would...

soy-oilseeds

WASDE Soyoil

USDA Reported: 2018/19 reduced soybean oil used for biodiesel production, and higher soybean oil ending stocks.  The 2019/20 season-average price for soybean oil price forecast is unchanged at 29.5 cents per pound. ...

Morality Trade

Trade and industry are not just distorted by tariffs a la Donald Trump, but increasingly by sanctions intended to protect a political or moral principle.  • India says it will not buy Malaysian palm oil because Kuala Lumpur disagreed with New Delhi’s actions in Kashmir.  &b...

soy-oilseeds

WASDE Soyoil

USDA Reports: The soybean oil price forecast is raised 0.5 cents to 30.0 cents per pound...

soy-oilseeds

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...

Impeachment Impacts; WPI and Impeachment; U.S. – India Negotiations

Impeachment Impacts President Trump has tried to characterize his House Democratic antagonists as ignoring the needs of the American people by instead focusing all their time on impeachment. House Speaker Nancy Pelosi responded by saying they will continue their work on the USMCA agreement. Ind...

soy-oilseeds

Oilseed Highlights: U.S. Soy Yield, Argentine Soy Crushers, Soy Export Sales, Indian Soy

The Case for an Average U.S. Soybean Yield Below USDA’s Forecast USDA’s most recent forecast for the average U.S. soybean yield in 2019 is 47.9 bushels per acre (3.22 MT/hectare). That is below the average of the last 3 years. However, is it still too high? A look at the most recent...

soy-oilseeds

WASDE Soyoil

USDA soyoil estimates: The soybean oil price forecast is unchanged at 29.5 cents per pound...

Aggressive New EU Leadership; USMCA Labor Solution; Indian Ally

Aggressive New EU Leadership Under John Claude Juncker, the EU seemed confused on how to deal with Donald Trump, never having previously experienced such antagonism from an American leader. There was even a nonsensical trade agreement letter that was supposed to reduce the transatlantic tension...

soy-oilseeds

Oilseed Highlights: U.S. Soy Export Sales; Crop Tour; Too Much Rain in India; China's Soyoil; Canadian Oilseeds

U.S. Soy Export sales Highlights Today USDA released the weekly export sales report for the week ending 15 August. It indicated net sales of soybeans totaled 25,900 MT for MY 2018/19 shipment. Sales to Germany (68,500 MT), Indonesia (56,000 MT), Bangladesh (53,100 MT), Portugal (35,000 MT), Ita...

soy-oilseeds

WASDE Soyoil

USDA reports for August 2019: Global oilseed supply and demand forecasts include lower production, trade, and stocks compared to last month. Lower soybean, rapeseed, and peanut production are partly offset by higher sunflowerseed output. Rapeseed production is lowered for the EU mainly on a low...

soy-oilseeds

WASDE Soymeal

USDA reports for August 2019: Changes for 2018/19 include reduced soybean crush, reflecting lower domestic use and exports of soybean meal. Soybean ending stocks are projected at 1.07 billion bushels, up 20 million. China’s soybean imports are lowered 2 million tons to 85 million reflecti...

soy-oilseeds

WASDE Soybeans

USDA reports for August 2019: U.S. oilseed production is projected at 111.5 million tons, down 4.5 million from last month mainly due to a lower soybean production forecast. Soybean production is forecast at 3.68 billion bushels, down 165 million on lower harvested area. Harvested area is forec...

A New Normal for U.S.-China Trade?

The modern U.S.-China trade relationship has always been strained. President George W. Bush addressed this challenge by bringing China into the WTO to force its compliance with global trading rules. However, that didn’t work. While two-way trade did grow significantly, so did China&r...

biofuel feed-grains

Focus on New Products/Markets

Brazil has the largest fleet of cars converted to use the highest blends of ethanol, and the government is reportedly debating whether to remove duties on imports of the U.S.-sourced fuel. As is usual in many countries, the agriculture ministry opposes such a move, but others in the government...

EU-Mercosur Wreck; No Indian Epiphany

EU-Mercosur Wreck EU leaders proudly announced a trade agreement with the Mercosur group of countries last month, but that is now in political jeopardy. Environmentalists have joined with farmers in opposing the plan. French Agriculture Minister Didier Guillaume says that his country will not p...

soy-oilseeds

Oilseed Highlights: U.S.-China Trade Update; Monsoonal Effect on India’s Soy Crop; U.S. Soy Sales

Hope for Breakthrough in Next Week’s U.S.–China Negotiations It is now confirmed that USTR Lighthizer and Treasury Secretary Mnuchin will meet next Tuesday in Shanghai with top Chinese trade negotiators to continue discussions aimed at ending the ongoing trade dispute. According to...

feed-grains wheat livestock

Feeding the World

The current global population is estimated to total around 7.5 billion. By most measures, the world creates or produces enough food to feed them all. In theory, the world’s food security has never been higher. Nevertheless, it is estimated that around 800 million people – more than...

soy-oilseeds

Oilseed Highlights: U.S. Soy Export Sales; Higher Brazil Freight Rates; EU Rapeseed; India’s Monsoon Issue

Not Much Improvement in U.S. Soy Export Sales Last Week Today’s USDA export sales report indicated the week ending 11 July was another challenging one for the U.S. soy complex. However, soybean exports last week were the highest since the week ending 21 March 2019. The report indicated ne...

Barriers and Ag’s Future; Plurilateral Future

Barriers and Ag’s Future The Greens and other liberal groups in Europe have aligned their sights on turning European agriculture into a chemical-free, non-intensive industry. Rather than just attack from the European Parliament’s largest committee, the Environment Committee, they ha...

soy-oilseeds

WASDE Soyoil

USDA Notes: Global oilseed exports for 2019/20 are projected at 175.0 million tons, down slightly from last month.  Global oilseed ending stocks for 2019/20 are reduced 10.7 million tons to 119.5 million, mainly on lower soybean stocks for the United States, Argentina, and Brazil.  Th...

soy-oilseeds

WASDE Soybeans

USDA Notes: Soybean production for 2019/20 is projected at 3.845 billion bushels, down 305 million based on lower planted and harvested area in the June 28 Acreage report and on lower projected yields.  Harvested area, forecast at 79.3 million acres, is down 4.5 million from last month.&nb...

U.S.-Japan FTA Will Cost; Varied GMO Approaches

U.S.-Japan FTA Will Cost Junnosuke Kobara at Nikkei provides analysis showing that while Japanese farmers may be few in number, they have outsized influence when voting as a bloc. The analysis is important because there is an Upper House election in two weeks, and the Abe government is negotiat...

Taking Stock of the Political Risks Facing Agriculture

Markets, industries and companies are constantly exposed to political risk (i.e., the impact that changes in policies and regulations can have on profitability). Indeed, virtually every major company’s filings with the Securities and Exchange Commission (SEC) includes some comment or disc...

Legs of War; No Cigar

Legs of War The news that Presidents Trump and Xi plus their negotiators will have extended bilateral discussions around the G20 Summit was seen as hopeful but not definitive. Both sides are dug in deep and short of one side or the other (or both). As it incurs economic calamity, this war would...

soy-oilseeds

WASDE Soyoil

USDA Reported: 2018/19 reduced soybean oil used for biodiesel production, and higher soybean oil ending stocks.  The 2019/20 season-average price for soybean oil price forecast is unchanged at 29.5 cents per pound. ...

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