World Perspectives

Gutsy USTR; Inflation Beats Exports; Ruble Hell

Gutsy USTR  USTR Katherine Tai is in an interagency battle over whether to lift tariffs on China to try and stem inflation, and she’s not backing down in her opposition to such a move. Yesterday she told Congress that, “The China tariffs are, in my view, a significant piece of leverage, and a trade negotiator never walks away from leverage.” Making such a strong statement on an issue undergoing internal Administration debate puts her in a very public fight against Treasury Secretary Janet Yellen, who favors the cuts.  Somebody will lose and historically, presidents have sided with the troika (State, Treasury, or Defense). She then even stepped directly onto the figurative turf of Treasury by telling the Committ...

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Mar 26 Corn closed at $4.44/bushel, down $0.005 from yesterday's close.  Mar 26 Wheat closed at $5.105/bushel, down $0.02 from yesterday's close.  Mar 26 Soybeans closed at $10.5625/bushel, down $0.0575 from yesterday's close.  Mar 26 Soymeal closed at $299.5/short ton, down $0.4...

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Market Commentary: Weaker Crude Oil Sinks CBOT Despite Soybean Sales to China

The CBOT on Tuesday failed to follow Monday’s dramatic technical strength and corn, the soy complex, and wheat all settled lower for the day. A sharp pullback in crude oil prices was primarily responsible for the soy complex weakness as it eliminated a key piece of support for soyoil. In...

Labeling Away Inflation

Canada initiated action more than two years ago to fight high grocery prices. The plan was hatched after then Prime Minister Justin Trudeau demanded a “comprehensive” approach to reducing grocery prices. His ultimatum was to “stabilize” food prices that were inflating at...

feed-grains soy-oilseeds wheat

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Mar 26 Corn closed at $4.44/bushel, down $0.005 from yesterday's close.  Mar 26 Wheat closed at $5.105/bushel, down $0.02 from yesterday's close.  Mar 26 Soybeans closed at $10.5625/bushel, down $0.0575 from yesterday's close.  Mar 26 Soymeal closed at $299.5/short ton, down $0.4...

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Market Commentary: Weaker Crude Oil Sinks CBOT Despite Soybean Sales to China

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Labeling Away Inflation

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livestock

Livestock Industry Margins

Beef packer margins deteriorated sharply again last week, plunging deeper into negative territory and reached their second lowest value back to at least 2010. Margins fell $144/head week over week to –$314 as fed cattle prices rose another $2.83/cwt while the Choice cutout plunged $14.20/...

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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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