World Perspectives

Ag Appropriations Overview

Congress is back in session after the 4th of July Independence Day holiday break. But there are only 12 days on the legislative calendar for the month; there will be a break next week for the Republican nominating convention, and then Congress adjourns for the August recess on 2 August. Legislators will be back for September but adjourn again in early October before the November elections. This doesn’t bode well for completing any legislation, including the farm bill.   Note that on 30 September, the current farm bill extension expires, as does the current government funding. Currently no appropriations for FY 2025 (which starts on 1 October) have been approved by Congress. The House has passed 4 of 12 appropriations bills,...

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Summary of Futures

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Farmer Bridge Assistance Program Early Details

The USDA will base the $12 billion in farmer payments it recently announced under the Farmer Bridge Assistance (FBA) program on 2025 planted acreage. The department announced that acreage reports, as of 19 December, by 5 p.m., should be “accurate.” Payment rates will be announced th...

feed-grains soy-oilseeds wheat

Market Commentary: Grain Futures Buying Demand; Livestock Futures Buying Time

Bears were in control of the CBOT again on Monday with technical pressure and bearish fundamental headlines driving prices lower. Soybeans and wheat were the downside leaders for the day as funds accelerated their exit from long positions in these markets amid the chart weakness. Corn futures s...

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Summary of Futures

Mar 26 Corn closed at $4.3975/bushel, down $0.01 from yesterday's close.  Mar 26 Wheat closed at $5.2075/bushel, down $0.085 from yesterday's close.  Jan 26 Soybeans closed at $10.7175/bushel, down $0.05 from yesterday's close.  Jan 26 Soymeal closed at $303.5/short ton, up $1 fr...

Farmer Bridge Assistance Program Early Details

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feed-grains soy-oilseeds wheat

Market Commentary: Bear, Bear, Every Where a Bear

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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