World Perspectives

Indian Subcontinent Regional Analysis

Soymeal Prices Up, but DDGS Not Available as Alternative The Soybean Oil Processors Association (SOPA) has again trimmed its estimate for India’s 2017/18 soybean production (harvest in October-November 2017), reducing the previous forecast of 9.15 MMT to 8.35 MMT. The government of India...

Today’s Top insights

China Won’t Eat American; Canada NAFTA Hearing; Technology, Productivity and Inequality

China Won’t Eat American  Senior USDA agricultural attaché Michael Ward lamented Chinese barriers to U.S. food exports at today’s annual Agricultural Outlook Forum. He noted that China imposes nonscientific technical barriers, applies “mercantilist” policies...

Getting Partisan on Pass-Through

Perhaps it was inevitable given the partisan nature of the tax reform debate and passage, but now the debate surrounding the biggest ag-related issue in the tax code, the Section 199A deduction and how that applies to farmers’ income derived from selling to co-ops, has taken on an increas...

feed-grains soy-oilseeds wheat

Summary of Futures

Ag, energy, and soft commodity futures’ technical patterns, including momentum and long-term indicators, are examined. Changes in the forward curve for grain futures have important implications while livestock momentum indicators provide directional insights. ...

China Won’t Eat American; Canada NAFTA Hearing; Technology, Productivity and Inequality

China Won’t Eat American  Senior USDA agricultural attaché Michael Ward lamented Chinese barriers to U.S. food exports at today’s annual Agricultural Outlook Forum. He noted that China imposes nonscientific technical barriers, applies “mercantilist” policies...

Getting Partisan on Pass-Through

Perhaps it was inevitable given the partisan nature of the tax reform debate and passage, but now the debate surrounding the biggest ag-related issue in the tax code, the Section 199A deduction and how that applies to farmers’ income derived from selling to co-ops, has taken on an increas...

feed-grains soy-oilseeds wheat

Summary of Futures

Ag, energy, and soft commodity futures’ technical patterns, including momentum and long-term indicators, are examined. Changes in the forward curve for grain futures have important implications while livestock momentum indicators provide directional insights. ...

livestock

Cattle on Feed

Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.6 million head on February 1, 2018. The inventory was 8 percent above February 1, 2017. Placements in feedlots during January totaled 2.07 million h...

Ag Review - February 2018

WPI's monthly publication features analyses of farm inputs and equipment, the U.S. grain industry, the global soybean outlook, U.S. meat and livestock industry, and policy trends. It also provides a review of agribusiness stock prices along with expectations for future performance...

livestock

Cattle on Feed

Cattle and calves on feed for the slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 11.6 million head on February 1, 2018. The inventory was 8 percent above February 1, 2017. Placements in feedlots during January totaled 2.07 million h...

feed-grains soy-oilseeds wheat

Fail-Safe USDA Numbers

USDA released an initial glimpse at of its MY 2018/19 U.S. supply and demand estimates early this morning, which were fail-safe across the board. They caused no controversy and sparked no market reaction, either bullish or bearish. Following is a quick recap: Corn – The 2018 corn planted...

feed-grains soy-oilseeds wheat

Market Commentary

Markets were slightly higher overnight in relatively light trading volume. Corn was a penny higher, and soybeans were up 3-4 cents as were KC and Chicago wheat. The release of USDA’s 2018/19 U.S. supply and demand numbers as the night session was still trading didn’t change anything...

feed-grains soy-oilseeds wheat

Closing Futures Prices

WPI provides a summary of the week’s futures price activity and the gains/losses experienced by grain, oilseed, and livestock markets. USDA’s export sales results are also featured. Additionally, today’s data from the CFTC points to changing views among managed money funds. Me...

feed-grains soy-oilseeds wheat

Export Sales

U.S. corn exports deviation from historic patterns has implications for what exports will be in the rest of the marketing year. Analysis of unshipped corn sales, combined with the U.S.’ current share of global exports, points to an interesting road ahead. Moreover, U.S. wheat, soybean, an...

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