World Perspectives

2018 Farm Bill: Signed and Released

The farm bill conference report was signed by the conferees last night and the text released. It is being touted as a “bipartisan” bill despite the partisan turn it took when drafted in the House. Just past 4pm today, the Senate passed it in an unexpected move, taking up the legislation prior to its consideration in the House in an effort to shore up votes in that chamber. In the new political arena of Twitter, various key tweets highlight the top issues. Note the following: Senate Ag Committee Chairman Pat Roberts: “The bipartisan, bicameral 2018 Farm Bill conference report is live!” Senate Majority Leader Mitch McConnell: “Making it official with my hemp pen!” USDA Secretary Perdue: “Would li...

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Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 from...

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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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