World Perspectives
livestock

Running Out of Protein

Europe ran out of energy when the Russian attack on Ukraine forced it to reduce imports from Russia. Europe lacks the ability to defend itself despite Russia’s threat on its eastern border. Now Europe is reducing its consumption of meat but failing to invest in meat alternatives that could lead to further import dependence for protein in their diet. According to Food Navigator, U.S. companies have over 200 patents approved for meat alternatives while EU companies hold less than 30 such patents. Moreover, many of the meat alternative patents filed in Europe and China are by U.S.-based assignees.  Americans eat 20 percent more meat per capita than Europeans and pay less for it. EU per capita consumption of meat is declining, where...

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feed-grains soy-oilseeds wheat

Summary of Futures

 May 26 Corn closed at $4.5575/bushel, down $0.0625 from yesterday's close.  May 26 Wheat closed at $6.07/bushel, up $0.02 from yesterday's close.  May 26 Soybeans closed at $11.5975/bushel, up $0.005 from yesterday's close.  May 26 Soymeal closed at $314.9/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Cautious Ahead of Acreage, Stocks Reports

The CBOT took a bit of a breather on Monday as traders waited for the upcoming Prospective Plantings and Grain Stocks reports, which the USDA will issue Tuesday at midday. Traders were reluctant to expand risk too much ahead of these two reports, which often change market direction and tone for...

Forlorn or Failure; Fertile or Futile; AI Impacts; Dirty Dozen Disinformation

Forlorn or Failure The spin from the WTO on the organization’s recent MC14 meetings was that a lot of decisions were adopted, progress was made, and while the event “ran out of time,” new commitments on outstanding issues can still be made in Geneva. Director-General Ngozi Oko...

feed-grains soy-oilseeds wheat

Summary of Futures

 May 26 Corn closed at $4.5575/bushel, down $0.0625 from yesterday's close.  May 26 Wheat closed at $6.07/bushel, up $0.02 from yesterday's close.  May 26 Soybeans closed at $11.5975/bushel, up $0.005 from yesterday's close.  May 26 Soymeal closed at $314.9/short ton, down $...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Cautious Ahead of Acreage, Stocks Reports

The CBOT took a bit of a breather on Monday as traders waited for the upcoming Prospective Plantings and Grain Stocks reports, which the USDA will issue Tuesday at midday. Traders were reluctant to expand risk too much ahead of these two reports, which often change market direction and tone for...

Forlorn or Failure; Fertile or Futile; AI Impacts; Dirty Dozen Disinformation

Forlorn or Failure The spin from the WTO on the organization’s recent MC14 meetings was that a lot of decisions were adopted, progress was made, and while the event “ran out of time,” new commitments on outstanding issues can still be made in Geneva. Director-General Ngozi Oko...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds expanding long positions across the major ag futures contracts for the tenth straight week. Funds added 67,000 contracts (7.7 percent) to their all-ags net long position – nearly doubling the prior week’s purchases - with buying in corn and so...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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