World Perspectives
farm-inputs

Similarities of Farming and Manufacturing

Debate around the reauthorization of the U.S. farm bill is focused on the legislation’s two major functions, domestic food assistance and farm price supports. The former involves Republicans trying to reduce the most generous portions of what amounts to 81 percent of farm bill spending, and others trying to reign in the amount of money received by the largest farm operators. That is a slight over-simplification, but the farm support debate deserves a larger discussion about context. Opponents of the derisively framed “factory farming” are arguing that food security is national security, and small farms are the answer. The National Family Farm Coalition takes it a step further and opines that the answer to global hunger is...

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WASDE Soybeans - Nov 2024

WASDE Soybeans – USDA’s latest November estimate for the 2024/25 season is a decrease of 80 million bushels in U.S. soybean ending stocks to 470 million bushels. The U.S. season-average soybean price for 2024/25 is forecast unchanged at $10.80 per bushel. The soybean meal price is unchanged at...

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WASDE Wheat - Nov 2024

WASDE Wheat – USDA’s latest November estimate for the 2024/25 season is for an increase in U.S. wheat ending stocks by 3 million bushels to 815 million, up 17 percent from last year. U.S. wheat exports are unchanged at 825 million bushels. The season-average farm price is lowered $0.10 per bush...

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Ocean Freight Comments - 8 November 2024By Matt HerringtonDry-Bulk Freight Dry-bulk freight markets were weaker once again and continue the trend that has been present for the past 15 weeks. Rates for Panamax grain from the U.S. to Asia hit new yearly lows this past week and have fallen ab...

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wheat

WASDE Wheat - Nov 2024

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feed-grains wheat

Bangladesh Food Import Projection

Bangladesh is the third largest food importer in the world. It imports over $15 billion worth of food annually or about 11 percent of its total food consumption. Imports include 5 MMT of grain (3.57 MMT is wheat), plus palm oil, milk powder, and other products. Roughly 3.5 percent of its food i...

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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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