World Perspectives

Recent India Analysis

soy-oilseeds

Oilseed Highlights: U.S. Soy Export Sales; India’s Vegoil Imports; Chinese Uncertainty

U.S. Soy Export Sales Highlights This week has been an active one for U.S. soybean export sales to China and unknown destination. USDA reported soybean export sales totaling 570,000 MT since 29 May. Of that amount 306,000 MT are reported as sold for unknown destinations and 264,000 MT haven bee...

Trade Managed by China; India Tiptoes Reform

Trade Managed by China Australia Trade Minister Simon Birmingham said that government is looking carefully to see if the U.S. – China Phase One trade agreement is resulting in “managed trade” that is violating the rules of the WTO. Well the agreement is certainly managed trade...

feed-grains wheat soy-oilseeds

Rice as Laggard

It was noted yesterday that the growth in global production of wheat has tracked population growth whereas corn and soybeans have expanded exponentially more. Wheat is predominantly a food grain whereas corn and soybeans have fed the expanding animal protein sector. Rice is also predominantly a...

soy-oilseeds

Oilseed Highlights: Argentine Soy; U.S.- China Friction; Indian Vegoil Tariffs; EU Rapeseed

Argentine Farmers Continue to Reduce Soybean Sales Argentina’s farmers continue to hold back on selling their new crop of soybeans and selling less of their old crop compared to a year ago. Instead of selling they are holding on to their crop in expectation of a devaluation of the Argenti...

soy-oilseeds

Falling Out of Favor

The EU is the largest consumer of rapeseed, followed by China, Canada and India. Its use in number three Canada and number four India has been rising, but it has declined in the EU and China. China has of course taken up soybeans, where consumption has been expanding at 4.42 percent per year. T...

soy-oilseeds

WASDE Soyoil

USDA Estimates – U.S. soybean oil prices are forecast at 29.0 cents per pound, up 0.5 cents from 2019/20...

soy-oilseeds

WASDE Soymeal

USDA Estimates - U.S. soybean meal prices are forecast at $290 per short ton, down $10.00 from 2019/20.  ...

soy-oilseeds

Oilseed Highlights: Soy Export Sales; Difficult Time for Soy Processors; Sunoil Versus Soyoil

U.S. Soy Export Highlights The week ending 30 April was not a good one for U.S. soy exports. Sales of soybeans, soymeal and soyoil for shipment in 2019/20 were all down from the previous week. Net soybean exports sales last week for 2019/20 shipment totaled 653,100 MT. That was down by 39 perce...

livestock soy-oilseeds feed-grains

India Hurts its Own Dairy Market

There is a global abundance of grain and oilseeds and while meat animals are being euthanized due to a lack of slaughter capacity and total production is declining, dairy production has not faltered in the same way. This means that corn, DDGs and soymeal should increasingly find a home in dairy...

Enforcing WTO Limits; Notifying the WTO

Enforcing WTO Limits  In this extraordinary time of global market turbulence, governments are taking measures to protect industry sectors including agriculture. For example, India has invoked the “peace clause” on its MSP levels (minimum support prices), basically notifying the...

feed-grains soy-oilseeds wheat

Market Commentary

CBOT grains and livestock markets were mostly higher today with short covering the dominant theme in corn. Wheat futures sold off early in the day but found short covering support as well as some long buying interest in HRW futures while the soy complex was weaker for most of the day with soyme...

Back to the 1980’s

Economic norms are being dramatically changed by the coronavirus. Nearly 70 countries now restrict the export of medical supplies. There is also now a stronger push for government intrusion into agricultural markets. Some in Europe are calling for a return to intervention stocks to prop up pric...

Supply Policies; Covid Impacts

Supply Policies India’s pursuit of public stockholding of food surpluses is an old answer to an even older question – what policy to use to manage supply/demand imbalances. Then there is the issue of the externalities resulting from any of the chosen approaches. Just three countries...

soy-oilseeds

WADSE Soyoil

USDA reduced the average U.S. soybean oil prices by 2 cents to 31.5 cents per pound.  A notable change is a 1-million-ton reduction for palm oil production, mainly in Malaysia and Colombia, leading to a 19 percent year-over-year decline in global vegetable oil stocks...

soy-oilseeds

WASDE Soybeans

USDA’s U.S. soybean supply and use projections for 2019/20 are mostly unchanged in the March WASDE.  The U.S. season-average soybean price is projected at $8.70 per bushel, down 5 cents. With soybean crush and exports projected at 2.1 billion bushels and 1.8 billion bushels, respecti...

feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Regional Updates The COVID19 outbreak continues to be the dominating force in commodity and equity markets around the world. With the virus curtailing travel and causing crude oil prices to plummet, commodities tied to oil (like soyoil) are receiving commensurate selling pressure. More broadly,...

feed-grains soy-oilseeds wheat

Market Commentary

It was mostly a day in the red as coronavirus anxiety continues to haunt investors. Fear of betting against calamity is understandable since a story of outright disaster is easy to imagine. Rabobank predicts another four months of supply chain disruptions except that both nearby and more distan...

COVID-19 Calculations; Trade Policy Shorts

COVID-19 Calculations Equities have now plunged two days in a row over the coronavirus, but commodities fought back today rather than overreact. The COVID-19 virus is said to have put Italy close to recession, though German businesses are said to still be positive. That is the problem with curr...

Tax Tech Divide; Low Leverage on India

Tech Tax Divide G-20 finance ministers failed to make headway on the issue of high-tech company taxation and the prognosis is not good. The Czech Republic is the latest European company to debate imposing a high levy on global internet companies and its officials apparently brushed aside the th...

Unilateral Everything; Not So Very Big; Ugly Bailout

Unilateral Everything  U.S. President Trump gets blamed for “America First” unilateralism but in fact it is practiced equally by all countries. Agricultural protectionism has been a dominant factor for decades and many countries extend this to fisheries and forestry. However, i...

India Offer to U.S.; Coronavirus and Super Tuesday; Concrete AB

India Offer to U.S. New Delhi and Washington would both like to have a trade deal by the time President Trump visits India on 24-25 February and India is making offers. According to Reuters, India has offered to reduce its tariff on chicken legs from 100 percent to 25 percent and make other con...

soy-oilseeds

WASDE Soybeans

USDA reports that 2019/20 U.S. soybean had increased exports and lower ending stocks;  U.S. soybean exports for 2019/20 are up 50 million from last month at 1.825 billion bushels - partly reflecting increased imports for China.  With soybean crush unchanged, soybean ending stocks are...

Target Europe; India’s Special Pass

Target Europe The frustration with Europe in the Trump Administration is palpable. China has been viewed as unfair competition but out of design. It was a poorer country overly granted concessions that must now be clawed back. By contrast, Europe is viewed as manipulative, taking what should be...

Fair and Equitable; Contrasts in Productive Attitudes; Authoritatively Wrong

Fair and Equitable In order to secure votes for the USMCA from Florida and Georgia politicians representing perishable fruit and vegetable growers, USTR promised subsequent action to impose the kind of seasonal import protections that failed to make it into the agreement just negotiated with Me...

soy-oilseeds

Oilseed Highlights: U.S. Soy Export Sales; India’s Vegoil Imports; Chinese Uncertainty

U.S. Soy Export Sales Highlights This week has been an active one for U.S. soybean export sales to China and unknown destination. USDA reported soybean export sales totaling 570,000 MT since 29 May. Of that amount 306,000 MT are reported as sold for unknown destinations and 264,000 MT haven bee...

Trade Managed by China; India Tiptoes Reform

Trade Managed by China Australia Trade Minister Simon Birmingham said that government is looking carefully to see if the U.S. – China Phase One trade agreement is resulting in “managed trade” that is violating the rules of the WTO. Well the agreement is certainly managed trade...

feed-grains wheat soy-oilseeds

Rice as Laggard

It was noted yesterday that the growth in global production of wheat has tracked population growth whereas corn and soybeans have expanded exponentially more. Wheat is predominantly a food grain whereas corn and soybeans have fed the expanding animal protein sector. Rice is also predominantly a...

soy-oilseeds

Oilseed Highlights: Argentine Soy; U.S.- China Friction; Indian Vegoil Tariffs; EU Rapeseed

Argentine Farmers Continue to Reduce Soybean Sales Argentina’s farmers continue to hold back on selling their new crop of soybeans and selling less of their old crop compared to a year ago. Instead of selling they are holding on to their crop in expectation of a devaluation of the Argenti...

soy-oilseeds

Falling Out of Favor

The EU is the largest consumer of rapeseed, followed by China, Canada and India. Its use in number three Canada and number four India has been rising, but it has declined in the EU and China. China has of course taken up soybeans, where consumption has been expanding at 4.42 percent per year. T...

soy-oilseeds

WASDE Soyoil

USDA Estimates – U.S. soybean oil prices are forecast at 29.0 cents per pound, up 0.5 cents from 2019/20...

soy-oilseeds

WASDE Soymeal

USDA Estimates - U.S. soybean meal prices are forecast at $290 per short ton, down $10.00 from 2019/20.  ...

soy-oilseeds

Oilseed Highlights: Soy Export Sales; Difficult Time for Soy Processors; Sunoil Versus Soyoil

U.S. Soy Export Highlights The week ending 30 April was not a good one for U.S. soy exports. Sales of soybeans, soymeal and soyoil for shipment in 2019/20 were all down from the previous week. Net soybean exports sales last week for 2019/20 shipment totaled 653,100 MT. That was down by 39 perce...

livestock soy-oilseeds feed-grains

India Hurts its Own Dairy Market

There is a global abundance of grain and oilseeds and while meat animals are being euthanized due to a lack of slaughter capacity and total production is declining, dairy production has not faltered in the same way. This means that corn, DDGs and soymeal should increasingly find a home in dairy...

Enforcing WTO Limits; Notifying the WTO

Enforcing WTO Limits  In this extraordinary time of global market turbulence, governments are taking measures to protect industry sectors including agriculture. For example, India has invoked the “peace clause” on its MSP levels (minimum support prices), basically notifying the...

feed-grains soy-oilseeds wheat

Market Commentary

CBOT grains and livestock markets were mostly higher today with short covering the dominant theme in corn. Wheat futures sold off early in the day but found short covering support as well as some long buying interest in HRW futures while the soy complex was weaker for most of the day with soyme...

Back to the 1980’s

Economic norms are being dramatically changed by the coronavirus. Nearly 70 countries now restrict the export of medical supplies. There is also now a stronger push for government intrusion into agricultural markets. Some in Europe are calling for a return to intervention stocks to prop up pric...

Supply Policies; Covid Impacts

Supply Policies India’s pursuit of public stockholding of food surpluses is an old answer to an even older question – what policy to use to manage supply/demand imbalances. Then there is the issue of the externalities resulting from any of the chosen approaches. Just three countries...

soy-oilseeds

WADSE Soyoil

USDA reduced the average U.S. soybean oil prices by 2 cents to 31.5 cents per pound.  A notable change is a 1-million-ton reduction for palm oil production, mainly in Malaysia and Colombia, leading to a 19 percent year-over-year decline in global vegetable oil stocks...

soy-oilseeds

WASDE Soybeans

USDA’s U.S. soybean supply and use projections for 2019/20 are mostly unchanged in the March WASDE.  The U.S. season-average soybean price is projected at $8.70 per bushel, down 5 cents. With soybean crush and exports projected at 2.1 billion bushels and 1.8 billion bushels, respecti...

feed-grains soy-oilseeds wheat

Southeast Europe Regional Analysis

Regional Updates The COVID19 outbreak continues to be the dominating force in commodity and equity markets around the world. With the virus curtailing travel and causing crude oil prices to plummet, commodities tied to oil (like soyoil) are receiving commensurate selling pressure. More broadly,...

feed-grains soy-oilseeds wheat

Market Commentary

It was mostly a day in the red as coronavirus anxiety continues to haunt investors. Fear of betting against calamity is understandable since a story of outright disaster is easy to imagine. Rabobank predicts another four months of supply chain disruptions except that both nearby and more distan...

COVID-19 Calculations; Trade Policy Shorts

COVID-19 Calculations Equities have now plunged two days in a row over the coronavirus, but commodities fought back today rather than overreact. The COVID-19 virus is said to have put Italy close to recession, though German businesses are said to still be positive. That is the problem with curr...

Tax Tech Divide; Low Leverage on India

Tech Tax Divide G-20 finance ministers failed to make headway on the issue of high-tech company taxation and the prognosis is not good. The Czech Republic is the latest European company to debate imposing a high levy on global internet companies and its officials apparently brushed aside the th...

Unilateral Everything; Not So Very Big; Ugly Bailout

Unilateral Everything  U.S. President Trump gets blamed for “America First” unilateralism but in fact it is practiced equally by all countries. Agricultural protectionism has been a dominant factor for decades and many countries extend this to fisheries and forestry. However, i...

India Offer to U.S.; Coronavirus and Super Tuesday; Concrete AB

India Offer to U.S. New Delhi and Washington would both like to have a trade deal by the time President Trump visits India on 24-25 February and India is making offers. According to Reuters, India has offered to reduce its tariff on chicken legs from 100 percent to 25 percent and make other con...

soy-oilseeds

WASDE Soybeans

USDA reports that 2019/20 U.S. soybean had increased exports and lower ending stocks;  U.S. soybean exports for 2019/20 are up 50 million from last month at 1.825 billion bushels - partly reflecting increased imports for China.  With soybean crush unchanged, soybean ending stocks are...

Target Europe; India’s Special Pass

Target Europe The frustration with Europe in the Trump Administration is palpable. China has been viewed as unfair competition but out of design. It was a poorer country overly granted concessions that must now be clawed back. By contrast, Europe is viewed as manipulative, taking what should be...

Fair and Equitable; Contrasts in Productive Attitudes; Authoritatively Wrong

Fair and Equitable In order to secure votes for the USMCA from Florida and Georgia politicians representing perishable fruit and vegetable growers, USTR promised subsequent action to impose the kind of seasonal import protections that failed to make it into the agreement just negotiated with Me...

Select Filters to Apply

  • Markets
  • Publications

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up