World Perspectives

Recent Macroeconomics Analysis

Dems on Trade Policy; Top Dems and Trade Agreement Optimism

Dems on Trade Policy Donald Trump has upended trade policy like no other U.S. president. His approach is contrary to Republican orthodoxy and rhetorically closer to Democratic dogma. In the 2016 campaign he ran to the left of Hillary Clinton on trade policy but then confounded political convent...

feed-grains soy-oilseeds wheat

Market Commentary

Good weekend weather, lower FOB values for wheat world-wide, and fund selling pressured the CBOT today. Corn and wheat futures posted new contract lows with spot KC wheat futures reaching multi-year lows and closing below the psychologically important $4/bushel mark. The weather forecasts remai...

soy-oilseeds livestock

US-PRC – What to Believe?; China/EU Burn Down the Amazon; Big Food’s Mojo

US-PRC - What to Believe? The negotiations are going great again. All is well. Be calm markets. Are the two sides, China and the U.S. on track together? Is Trump nervous about the economy and willing to settle for less than before? Is Xi nervous about the Chinese economy, or just giving Trump a...

feed-grains soy-oilseeds wheat

Market Commentary

Following on Wednesday’s market, futures were mixed over night with beans and corn up but wheat continuing its downward trend. A mixed close was expected today and it delivered more of the same - corn and soybeans up but wheat lower.  Since there is nothing new on the fundamental sid...

U.S.-Chinese Trade Dilemma

We are about to enter the 15th month of the tariff war between the U.S. and China, and to put it bluntly, a resolution seems further off today than it did when the tariff hostilities began.  We daresay that few people in the Trump administration or among high level Chinese officials believ...

Short-Term Advantage: China

President Trump says that the Chinese asked to resume negotiations, but nothing is publicly scheduled, and the Chinese foreign ministry says it knows nothing about it. If this is a fib by the President, Beijing will interpret it as reflecting vulnerability. That vulnerability is emphasized by c...

One Year Balancing Act; Saving the Rainforest; Squeezing the Brits

One Year Balancing Act Favorable numbers for Wall Street and the unemployment rate are two metrics Donald Trump needs to win reelection. Employment has not waivered yet and while the trade war with China has the Dow Industrial Average off 5 percent from its peak, it is still 15 percent higher f...

Tweets Lack Impact

The Wall Street Journal analyzed how the S&P 500 reacted on the days President Trump tweeted more optimistically about trade policy; the argument being that when the stock market is nervous, he tweets something positive to improve market confidence, such as retracting his plan to increase t...

livestock soy-oilseeds feed-grains

China In-Country Analysis

Marco Trends China Food Inflation Hits Highest Level in 7.5 Years While Beijing has been occupied with the events in Hong Kong, food prices soared an astounding 9.1 percent last month versus July 2018. Monthly food costs have not risen at this pace since January 2012, when China’s economy...

farm-inputs wheat

Technical Views - Meal Correction Upwards

SPREADS September KC/Chicago spreads moved to new contract lows yesterday.  KC wheat/corn spreads moved back to levels conducive to putting HRW back into feed.  October crush firms to 1.07c/bu while oilshare firms to new highs at 33 percent.   Dec/March corn trades from 10c...

Economy Needs Fuel

Growth is slowing in the major economies (see survey graph below), and stimulus is needed to move back into a higher gear. The European Central Bank changed its guidance this week, suggesting another rate cut could occur even as its key interest percentage is set at zero. Bank President Mario D...

MFP Payments and Policy Round Up

Now that a budget agreement has been struck that will avoid another government shutdown, Congress will be in session for three more days before the August recess. Nonetheless, this promises to be a busy week.   First, it is widely expected that USDA will announce the rules for the sec...

Dems on Trade Policy; Top Dems and Trade Agreement Optimism

Dems on Trade Policy Donald Trump has upended trade policy like no other U.S. president. His approach is contrary to Republican orthodoxy and rhetorically closer to Democratic dogma. In the 2016 campaign he ran to the left of Hillary Clinton on trade policy but then confounded political convent...

feed-grains soy-oilseeds wheat

Market Commentary

Good weekend weather, lower FOB values for wheat world-wide, and fund selling pressured the CBOT today. Corn and wheat futures posted new contract lows with spot KC wheat futures reaching multi-year lows and closing below the psychologically important $4/bushel mark. The weather forecasts remai...

soy-oilseeds livestock

US-PRC – What to Believe?; China/EU Burn Down the Amazon; Big Food’s Mojo

US-PRC - What to Believe? The negotiations are going great again. All is well. Be calm markets. Are the two sides, China and the U.S. on track together? Is Trump nervous about the economy and willing to settle for less than before? Is Xi nervous about the Chinese economy, or just giving Trump a...

feed-grains soy-oilseeds wheat

Market Commentary

Following on Wednesday’s market, futures were mixed over night with beans and corn up but wheat continuing its downward trend. A mixed close was expected today and it delivered more of the same - corn and soybeans up but wheat lower.  Since there is nothing new on the fundamental sid...

U.S.-Chinese Trade Dilemma

We are about to enter the 15th month of the tariff war between the U.S. and China, and to put it bluntly, a resolution seems further off today than it did when the tariff hostilities began.  We daresay that few people in the Trump administration or among high level Chinese officials believ...

Short-Term Advantage: China

President Trump says that the Chinese asked to resume negotiations, but nothing is publicly scheduled, and the Chinese foreign ministry says it knows nothing about it. If this is a fib by the President, Beijing will interpret it as reflecting vulnerability. That vulnerability is emphasized by c...

One Year Balancing Act; Saving the Rainforest; Squeezing the Brits

One Year Balancing Act Favorable numbers for Wall Street and the unemployment rate are two metrics Donald Trump needs to win reelection. Employment has not waivered yet and while the trade war with China has the Dow Industrial Average off 5 percent from its peak, it is still 15 percent higher f...

Tweets Lack Impact

The Wall Street Journal analyzed how the S&P 500 reacted on the days President Trump tweeted more optimistically about trade policy; the argument being that when the stock market is nervous, he tweets something positive to improve market confidence, such as retracting his plan to increase t...

livestock soy-oilseeds feed-grains

China In-Country Analysis

Marco Trends China Food Inflation Hits Highest Level in 7.5 Years While Beijing has been occupied with the events in Hong Kong, food prices soared an astounding 9.1 percent last month versus July 2018. Monthly food costs have not risen at this pace since January 2012, when China’s economy...

farm-inputs wheat

Technical Views - Meal Correction Upwards

SPREADS September KC/Chicago spreads moved to new contract lows yesterday.  KC wheat/corn spreads moved back to levels conducive to putting HRW back into feed.  October crush firms to 1.07c/bu while oilshare firms to new highs at 33 percent.   Dec/March corn trades from 10c...

Economy Needs Fuel

Growth is slowing in the major economies (see survey graph below), and stimulus is needed to move back into a higher gear. The European Central Bank changed its guidance this week, suggesting another rate cut could occur even as its key interest percentage is set at zero. Bank President Mario D...

MFP Payments and Policy Round Up

Now that a budget agreement has been struck that will avoid another government shutdown, Congress will be in session for three more days before the August recess. Nonetheless, this promises to be a busy week.   First, it is widely expected that USDA will announce the rules for the sec...

Select Filters to Apply

  • World
  • Publications

Search World Perspectives

Sign In to World Perspectives

Don’t have an account yet? Sign Up