World Perspectives
wheat

Wheat Predator to Protectionist

Back in January, U.S. wheat growers were demanding that USTR file a WTO case against India for exceeding its de minimis limit of subsidies capped at 10 percent of the value of wheat production. The demand was presaged by a U.S. government counternotification to the WTO that New Delhi had substantially underreported its subsidies for wheat. In fact, up to half the value of the wheat crop was subsidized and new fertilizer subsidies were being introduced.  Then Russia invaded Ukraine and the supply of the world’s most popular food grain was threatened. Those concerned about food security looked optimistically to India’s impending bumper crop of wheat. Indian officials predicted exports in FY 2022/23 (1 April to 31 March) woul...

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WPI Transportation Report

Dy Bulk Markets  Again this week, the bullish story is the rapid rise in Capesize vessel freight values with demand for Australian iron ore driving most of the rally. The Aussies have seen strong demand for August shipments in particular, which is pushing the forward end of the curve highe...

feed-grains soy-oilseeds wheat

Market Commentary: Turnaround Thursday but Friday is Another Day

Today’s trading opened with a head scratcher after USDA reported 135 KMT of U.S. corn sold to China. There isn’t any corn import demand in China, and if there was it probably would not originate from the U.S. It was quickly corrected to be bound to South Korea.   Nonethele...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2075/bushel, up $0.0325 from yesterday's close.  Sep 25 Wheat closed at $5.415/bushel, up $0.01 from yesterday's close.  Nov 25 Soybeans closed at $10.2425/bushel, up $0.015 from yesterday's close.  Dec 25 Soymeal closed at $283.1/short ton, down $2.5 fro...

WPI Transportation Report

Dy Bulk Markets  Again this week, the bullish story is the rapid rise in Capesize vessel freight values with demand for Australian iron ore driving most of the rally. The Aussies have seen strong demand for August shipments in particular, which is pushing the forward end of the curve highe...

feed-grains soy-oilseeds wheat

Market Commentary: Turnaround Thursday but Friday is Another Day

Today’s trading opened with a head scratcher after USDA reported 135 KMT of U.S. corn sold to China. There isn’t any corn import demand in China, and if there was it probably would not originate from the U.S. It was quickly corrected to be bound to South Korea.   Nonethele...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2075/bushel, up $0.0325 from yesterday's close.  Sep 25 Wheat closed at $5.415/bushel, up $0.01 from yesterday's close.  Nov 25 Soybeans closed at $10.2425/bushel, up $0.015 from yesterday's close.  Dec 25 Soymeal closed at $283.1/short ton, down $2.5 fro...

feed-grains soy-oilseeds wheat

Further Identification of Mispricing in Ag Futures

WPI offers the following analysis as a continuation of last week’s work examining mispricing opportunities in agricultural futures. Readers may recall that this work seeks to identify for the major agricultural commodities where along the forward curve current futures have the greatest er...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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