World Perspectives
feed-grains soy-oilseeds biofuel

China In-Country Analysis

The nationwide domestic corn price rose just RMB 1/MT ($0.15/MT) to RMB 1,664/MT ($252.47/MT) last week. Meanwhile, the estimated average utilization rate of ethanol producers remained historically low due to one factor.

  Oilseeds Soymeal Inventory Contracts Further on Higher Demand China’s nationwide soymeal inventory totaled 1,072,100 MT as of 25 August 2017, a decrease of 114,800 MT (-9.7 percent) from the previous week but 332,800 MT higher (+45 percent) than the same week a year ago. The biggest weekly decreases occurred in the North and Shandong Province where estimated soymeal inventories fell 23,400 MT (-19.7 percent) to 95,300 MT and 47,100 MT (-30.5 percent) to 107,200 MT, respectively.Looking ahead, downstream m...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.62/bushel, down $0.05 from yesterday's close.  May 26 Wheat closed at $6.05/bushel, up $0 from yesterday's close.  May 26 Soybeans closed at $11.5925/bushel, down $0.145 from yesterday's close.  May 26 Soymeal closed at $315.3/short ton, down $6.8 from ye...

feed-grains soy-oilseeds wheat

Market Commentary: Expected Biofuel Announcement Cannot Dislodge War Worries

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wheat

Downside Risk for Wheat into 2026/27

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.62/bushel, down $0.05 from yesterday's close.  May 26 Wheat closed at $6.05/bushel, up $0 from yesterday's close.  May 26 Soybeans closed at $11.5925/bushel, down $0.145 from yesterday's close.  May 26 Soymeal closed at $315.3/short ton, down $6.8 from ye...

livestock

Grassley and Smith Introduce Meat Industry Consolidation Bill

Previously, on 24 March, WPI wrote about fertilizer consolidation and an effort by Majority Leader John Thune to introduce mandatory price reporting for fertilizer, similar to the process for meat and dairy. However, the efforts to address concentration and market transparency continue. More re...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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