World Perspectives
livestock

Doubt About China’s Pork Renaissance

The Chinese government says it wants to restore domestic pork production to its prior glory, but history sheds doubt on its prospects. As noted previously, ASF has had a demonstrably larger impact on China than did BSE on Europe, and yet EU beef production and consumption have never fully recovered. Beef consumption in Europe today is 10 percent lower than it was a decade ago.  Japan was also impacted by BSE, though on an import basis. Tokyo banned imports of beef from America following the outbreak of BSE in the U.S. in 2003. Australia became a larger alternative supplier, but still total Japanese beef imports fell by 24 percent and domestic consumption dropped by 13 percent. A recovery has only been noticeable in the last few years...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.34/bushel, up $0.02 from yesterday's close.  Dec 25 Wheat closed at $5.3225/bushel, up $0.0325 from yesterday's close.  Jan 26 Soybeans closed at $10.945/bushel, down $0.0075 from yesterday's close.  Dec 25 Soymeal closed at $308.7/short ton, up $2.2 from...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Consolidate while Soymeal Runs Higher and Cattle Firm

The lingering effects of trade agreements and now-confirmed export rumors were the primary drivers of the CBOT’s action on Wednesday. Tuesday’s rumors of China buying some U.S. soybeans ahead of the trade talks with the U.S. on Thursday were confirmed by Reuters and Bloomberg. The m...

No Political Hack; Goals versus the Market; Technicalities

No Political Hack The U.S. Senate Finance Committee held a hearing on the nomination of Dr. Julie Callahan to become the U.S. agricultural trade ambassador. The appointment is notable because Callahan does not come from Capitol Hill or other warrens of political expediency when it comes to powe...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.34/bushel, up $0.02 from yesterday's close.  Dec 25 Wheat closed at $5.3225/bushel, up $0.0325 from yesterday's close.  Jan 26 Soybeans closed at $10.945/bushel, down $0.0075 from yesterday's close.  Dec 25 Soymeal closed at $308.7/short ton, up $2.2 from...

feed-grains soy-oilseeds wheat

Market Commentary: Grains Consolidate while Soymeal Runs Higher and Cattle Firm

The lingering effects of trade agreements and now-confirmed export rumors were the primary drivers of the CBOT’s action on Wednesday. Tuesday’s rumors of China buying some U.S. soybeans ahead of the trade talks with the U.S. on Thursday were confirmed by Reuters and Bloomberg. The m...

No Political Hack; Goals versus the Market; Technicalities

No Political Hack The U.S. Senate Finance Committee held a hearing on the nomination of Dr. Julie Callahan to become the U.S. agricultural trade ambassador. The appointment is notable because Callahan does not come from Capitol Hill or other warrens of political expediency when it comes to powe...

FOB Prices and Freight Rates App (Updated 29 October)

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

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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