World Perspectives
soy-oilseeds

Oilseed Highlights: Indian Palm Oil Tariffs; Canadian Canola; India’s Feed Sector

India’s Vegoil Refiners Push Lower Tariff Rates for Crude Palm Oil The Solvent Extractors Association (SEA) of India is pushing the government to lower the import tariff on crude palm oil to prevent further damaging of the domestic vegoil refining sector. The request is a result of surging imports of refined palm oil from Malaysia and Indonesia. It indicates 1.45 MMT were imported last month, a 26 percent increase from 1.15 MMT in March 2018. The total was 1.24 MMT in February, up 7.4 percent versus the same month last year. India is the world’s largest importer of vegoils. Under bilateral agreements with Malaysia and Indonesia, the government of India (GOI) on 1 January 2019 reduced the tariff rates for crude and refined palm...

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feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.475/bushel, up $0.04 from yesterday's close.  Jul 25 Wheat closed at $5.29/bushel, up $0.04 from yesterday's close.  Jul 25 Soybeans closed at $10.5075/bushel, up $0.0075 from yesterday's close.  Jul 25 Soymeal closed at $291.1/short ton, down $0.8 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Short Covering, Weather, Exports, and Weak Dollar Lift CBOT

The CBOT turned higher to start the week with wheat, corn, soybeans, and soy oil, all finding their way to higher ground amid a mix of factors. The big news for the day was Moody’s weekend downgrade of the U.S. credit rating, from “triple-A” to “double-A”. That new...

Fake is Out

Health and Human Services Secretary RFK, Jr. wants to stop demand for fake food colorings and Americans are slowing demand for fake food products. The demand for plant-based milks skyrocketed in percentage terms just a few years ago. Farm state politicians rushed to regulate the use of the word...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.475/bushel, up $0.04 from yesterday's close.  Jul 25 Wheat closed at $5.29/bushel, up $0.04 from yesterday's close.  Jul 25 Soybeans closed at $10.5075/bushel, up $0.0075 from yesterday's close.  Jul 25 Soymeal closed at $291.1/short ton, down $0.8 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Short Covering, Weather, Exports, and Weak Dollar Lift CBOT

The CBOT turned higher to start the week with wheat, corn, soybeans, and soy oil, all finding their way to higher ground amid a mix of factors. The big news for the day was Moody’s weekend downgrade of the U.S. credit rating, from “triple-A” to “double-A”. That new...

Fake is Out

Health and Human Services Secretary RFK, Jr. wants to stop demand for fake food colorings and Americans are slowing demand for fake food products. The demand for plant-based milks skyrocketed in percentage terms just a few years ago. Farm state politicians rushed to regulate the use of the word...

I Don’t Care; Rebalancing U.S. – Japan Trade

I Don’t Care That is likely President Trump’s attitude toward the WTO General Council’s castigation of his tariff war. Understandably, WTO members believe the complete flaunting of its rules by the U.S. undermines the entire organization. Both China and the EU want the U.S. na...

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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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