World Perspectives

Chemical Wars; Agriculture Not Industry; Meat Concession?; Western Unity; NIMBY Ag

Chemical Wars Falling in line with President Andres Manuel Lopez Obrador’s order to end the use of glyphosate in 2024, Mexico’s National Council of Science and Technology (CONACYT) has advised halving the maximum import quota to 8.26 kilograms of the herbicide in formulated form and 628,616 kg in concentrated form. The agency said there are alternative herbicides but did not add that they are generally more toxic. President Obrador wants production without the use of toxic chemicals but he may wish to note that Brazil’s soybean growers (Aprosoja) have asked for an emergency release of herbicides as crops are threatened in central and northern Brazil. Separately, a study by Wageningen University released today looks at pro...

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CFTC COT Report Analysis

Last week’s CFTC report showed some interesting an unexpected trends. First, despite the technical bounce in corn futures, funds cut 36 percent of their long (74,000 contracts) and are now long just 132,000 contracts, or less than half of their position just a few weeks ago. That rapid li...

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Market Commentary: Week of Turmoil, Uncertainty, but Not All Dark

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Regional News  Egg shortages and rising prices are not just a feature of U.S. agriculture right now, German and northern European markets broadly are experiencing similar shortages. German sources note the supply of “barn eggs” is too small for “prevailing demand”...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Last week’s CFTC report showed some interesting an unexpected trends. First, despite the technical bounce in corn futures, funds cut 36 percent of their long (74,000 contracts) and are now long just 132,000 contracts, or less than half of their position just a few weeks ago. That rapid li...

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Summary of Futures

May 25 Corn closed at $4.585/bushel, down $0.0675 from yesterday's close.  May 25 Wheat closed at $5.57/bushel, down $0.055 from yesterday's close.  May 25 Soybeans closed at $10.16/bushel, up $0.0525 from yesterday's close.  May 25 Soymeal closed at $305.9/short ton, down $1.2 f...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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