World Perspectives

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 prices, reduce food losses and boost food security. Meanwhile, India has invoked the peace clause of the WTO’s temporary policy on Public Stockholding for Food Security Purposes to justify the country spending more on rice subsidies than is allowed under the Uruguay Round’s de minimis clause.  India makes the dubious argument that its policy is not trade distorting because even though it is the largest exporter of rice, it isn’t ex...

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Dy Bulk Markets  Again this week, the bullish story is the rapid rise in Capesize vessel freight values with demand for Australian iron ore driving most of the rally. The Aussies have seen strong demand for August shipments in particular, which is pushing the forward end of the curve highe...

FOB Prices and Freight Rates App (Updated 23 July)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

WPI Transportation Report

Dry Bulk Markets The Capesize market is up more than 80 percent from last week’s report due to greatly improved iron ore demand in the Atlantic. There has been a notable increase in inquiries for vessels from Brazil and West Africa for the August/LH September time frame. Additionally, Aus...

WPI Transportation Report

Dy Bulk Markets  Again this week, the bullish story is the rapid rise in Capesize vessel freight values with demand for Australian iron ore driving most of the rally. The Aussies have seen strong demand for August shipments in particular, which is pushing the forward end of the curve highe...

FOB Prices and Freight Rates App (Updated 23 July)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

WPI Transportation Report

Dry Bulk Markets The Capesize market is up more than 80 percent from last week’s report due to greatly improved iron ore demand in the Atlantic. There has been a notable increase in inquiries for vessels from Brazil and West Africa for the August/LH September time frame. Additionally, Aus...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  President Trump announced 30 percent tariffs on imports from the EU effective 1 August even as the EU and U.S. trade negotiations continue.  Western Europe saw heavy and mostly beneficial precipitation last week, but a dry trend is now emerging for the region. Last week...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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