World Perspectives

Article 1 versus 2; Whale of a Deal; European Breakaways

Article I versus 2 The Congress, as enumerated in Article 1 of the American Constitution, holds more powers than the Executive Branch as outlined in Article 2. However, for the sake of efficiency and speed of execution, the legislative branch has ceded authority over the years to the presidency. The two are at loggerheads on many issues, including tariffs and now agricultural research and food stamps. Imposing restrictions on the recipients of food stamps (SNAP) was ejected from the new farm bill signed into law today, but USDA Secretary Sonny Perdue has revised it administratively. Able-bodied, working-age adults will find it harder to get food assistance unless unemployment hits statistically higher levels. Separately, Democrats about to...

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The primary drivers of Monday’s grain trade were, of course, the U.S. and Israel’s weekend attacks on Iran that killed the latter country’s Supreme Leader Khamenei and the subsequent cascade of impacts on global markets. WPI covers these impacts in more detail in our nearby ar...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4575/bushel, down $0.0275 from yesterday's close.  May 26 Wheat closed at $5.7725/bushel, down $0.1425 from yesterday's close.  May 26 Soybeans closed at $11.64/bushel, down $0.0675 from yesterday's close.  May 26 Soymeal closed at $312.9/short ton, down...

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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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