World Perspectives

Plant Protection Ban Going Backwards; Anti-Trade Going Backwards; WASDE Mixed, Iowa Outcome?

Plant Protection Ban Going Backwards Politicians in different countries have called for bans on different plant protection chemicals and especially on the herbicide glyphosate, but use is continuing and even increasing. Sri Lanka banned glyphosate but then had to reinstate its use on its major export crops tea and rubber. France instituted its Echophyto plan in 2008 for reducing plant protection products by 50 percent by 2025 and says it will outlaw most uses of glyphosate by the end of this year. Instead, EUROACTIV reports that utilization continues including a 21 percent increase in use in plant protection chemicals in 2018 alone. The use of glyphosate increased 10 percent in the latest year reported by Paris. In essence, politics and pr...

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CFTC COT Report Analysis

Once again, the major finding of Friday’s CFTC report is that funds still remain solidly bullish corn and added another 7 percent to their long position in that market. That was particularly impressive as the week ending 19 November (the reporting deadline for the CFTC report) included days wit...

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Market Commentary: Black Sea Instability and Trade War Influences

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livestock

Cattle on Feed Report

USDA released the monthly Cattle on Feed report today. Once again, placements surprised to the upside compared to pre-report analysts’ consensus expectations. The total cattle on feed inventory was 11.986 million head, which was slightly above last year’s 11.956 million head. Total feedlot inve...

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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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