World Perspectives

House Ag Committee Supply Chain Hearing

Tomorrow, the House Agriculture Committee, will hold a hearing on “The Immediate Challenges to our Nation’s Food Supply Chain” – i.e., supply chain issues. The hearing comes as food inflation, processing bottlenecks, and export backlogs are gaining more attention prior to news stories about the potential cost of Thanksgiving and holiday groceries. The U.S. Chamber of Commerce last week held a webinar on “Inflation in Food and Related Industries.” Concerns such as tractor part availability for planting season, reduced production of farm equipment due to equipment manufactures waiting on microchips, and even water availability in the west during this drought year are all supply chain kinks.   He...

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Market Commentary: Chop and Drop

Markets continue to chop around looking for some determinant of direction. In the absence of official reports, yesterday’s firmer PNW soybean basis levels provided a brief uplift but that faltered today. China gets mentioned as a possible source of the phantom demand but that seems politi...

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Dec 25 Corn closed at $4.1825/bushel, down $0.0375 from yesterday's close.  Dec 25 Wheat closed at $5.065/bushel, down $0.0075 from yesterday's close.  Nov 25 Soybeans closed at $10.2225/bushel, down $0.0725 from yesterday's close.  Dec 25 Soymeal closed at $276.9/short ton, down...

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Livestock Roundup: China is Top Beef Importer of Brazilian and Australian Beef in September

Today was WASDE day, however, due to the government shutdown, that report has been suspended, as have been the reports usually highlighted below. Brazil's beef exports to China rose 38.3 percent in September from a year earlier, reaching 187,340 MT, according to the Brazilian industry group Abr...

feed-grains soy-oilseeds wheat

Market Commentary: Chop and Drop

Markets continue to chop around looking for some determinant of direction. In the absence of official reports, yesterday’s firmer PNW soybean basis levels provided a brief uplift but that faltered today. China gets mentioned as a possible source of the phantom demand but that seems politi...

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Dec 25 Corn closed at $4.1825/bushel, down $0.0375 from yesterday's close.  Dec 25 Wheat closed at $5.065/bushel, down $0.0075 from yesterday's close.  Nov 25 Soybeans closed at $10.2225/bushel, down $0.0725 from yesterday's close.  Dec 25 Soymeal closed at $276.9/short ton, down...

livestock

Livestock Roundup: China is Top Beef Importer of Brazilian and Australian Beef in September

Today was WASDE day, however, due to the government shutdown, that report has been suspended, as have been the reports usually highlighted below. Brazil's beef exports to China rose 38.3 percent in September from a year earlier, reaching 187,340 MT, according to the Brazilian industry group Abr...

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Q4 Cattle and Beef Pricing Outlook

Beef and cattle markets are getting ready to see their much-anticipated seasonal rally ahead of the U.S. Thanksgiving and Christmas holidays, but beef packers won’t be receiving any presents from the market this year. WPI’s latest outlook calls for a somewhat subdued seasonal pre-ho...

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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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