World Perspectives
feed-grains soy-oilseeds wheat

Trade War Trade Impacts

The U.S.– China trade war has had a far more dramatic impact on American agriculture than it has had on farmers in the Middle Kingdom. In fiscal year 2017, the U.S. had a $16 billion agricultural trade surplus with China. In percentage terms, U.S. food sales to China that year were 142 percent greater than PRC agricultural sales to America.  By 2019, that advantage had shrunk to just $3.5 billion. As U.S. food sales to China slipped by $8 billion in fiscal year 2019, the Middle Kingdom managed in the middle of the trade war to boost its food sales to the States by nearly $500 million.  However, just as the U.S. has had more to lose in a trade war with its largest customer, it has more to gain from the normalization of trad...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.2375/bushel, down $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.1025/bushel, down $0.0775 from yesterday's close.  Mar 26 Soybeans closed at $10.53/bushel, down $0.0475 from yesterday's close.  Mar 26 Soymeal closed at $291.6/short ton, up $1.6...

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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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