WPI Spotlight

Spotlight

Farmers in India want the Swaminathan Report recommendations implemented, including the suggestion that Minimum Support Prices (MSPs) should be based on the production cost plus 50 percent of that cost as profit margin.

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The Trump administration has prepared a document entitled “Key Elements of a Model Trade Agreement,” which lists 24 items (so far) to be considered in any trade deal, including the renegotiation of NAFTA.

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Agribusiness can refer to virtually every commercial activity from crop and livestock production to the placement of consumer foods on grocery shelves or wool and cotton textiles in the hands of users. Thus, it encompasses everything from farms, small local businesses like farm service and input suppliers, country elevators, feedlots, dairies, and processors of crops to very large, vertically-integrated, multi-national corporations spanning the globe.

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The All India Poultry Exporters Association wants the government to either ban the importation of chicken meat produced with biotech feed ingredients or allow Indian farmers to plant the more productive biotech soybeans and corn.

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The wheat market may be preparing for a significant move in prices. WPI’s recent analysis of the spread between proprietary high and low FOB export prices for HRW and SRW wheat from the Port of New Orleans over the past year found it to be over $10/MT.

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Chicago versus Paris

Wheat, the biblical staff of life, occupies a unique place in commodity market history. It was wheat trading that started the Chicago Board of Trade (CBOT) in 1848 and created the world’s first futures contract. Traditionally, this contract has been the bellwether for the world’s wheat markets and has traded with limited international competition.

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WPI Spotlight