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softs

Clueless Leaders

The U.S. government shut down avocado imports from Mexico’s Michoacán state after a federal inspector received presumably a threatening phone message. Rather than accept the plausibility of wrongdoing in one of the most corrupt, drug cartel running parts of his country, Michoacán Mexican President Andrés Manuel López Obrador dismissed the concern, arguing that there are probably political and economic reasons for the U.S. suspension. This is similar thinking to Russian President Vladimir Putin insisting that imported U.S. chicken legs come from separate and inferior plants than the ones delivering chicken breasts to Americans, as if using two separate plants to break the same $2 bird makes economic sense...

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May 26 Corn closed at $4.5425/bushel, down $0.035 from yesterday's close.  May 26 Wheat closed at $5.975/bushel, down $0.1875 from yesterday's close.  May 26 Soybeans closed at $11.685/bushel, down $0.025 from yesterday's close.  May 26 Soymeal closed at $318.2/short ton, up $1.8...

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FOB Prices and Freight Rates App (Updated 1 April)

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”...

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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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