The “four corners” of the Congressional Agriculture Committees – the respective chairmen and ranking minority members of the House and Senate ag panels – are now all on the same page favoring a one-year extension of the farm bill. House Committee Chairman Glenn Thompson (R-Pennsylvania) still hopes to move a farm bill before the end of the year, and new House Speaker Mike Johnson (R-Louisiana) has said he’d like the House to pass the farm bill in December “await Senate action” and then “begin negotiations (with the Senate) as soon as possible.” Thompson acknowledges that an extension would be needed for the Senate bill and for the joint House-Senate conference to craft the final l...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.