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House Releases Farm Bill Draft

As Gary Blumenthal wrote last night, the House Agriculture Committee released its version of the 2012 farm bill, called the Federal Agriculture Reform and Risk Management (FARRM) Act, readying the Committee for mark-up next Wednesday, 11 July.  As we've predicted (see WPI 18 May), the House Agriculture Committee bill:

Makes deeper cuts in spending through additional cuts to the Supplemental Nutrition Assistance Program (SNAP); Includes a choice between a crop or revenue coverage risk management program (like the proposal developed during the Super Committee process in 2011); and Is more generous/less stingy (depending on your reference point) to southern commodities.

Like the Senate bill, the House proposal eliminates D...

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Market Commentary: Energies Collapse on Ceasefire News but Grains Reclaim Early Losses

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Russian Grain Markets: 30 March - 3 April 2026 Market overview The Russian grains market remained broadly stable during the week, with a slightly firmer undertone. Export values were mostly steady, while the domestic market moved modestly higher. Broader geopolitical tensions had only a limited...

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feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.4725/bushel, down $0.0175 from yesterday's close.  May 26 Wheat closed at $5.8025/bushel, down $0.1775 from yesterday's close.  May 26 Soybeans closed at $11.62/bushel, up $0.0375 from yesterday's close.  May 26 Soymeal closed at $314.1/short ton, up $2.3...

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From WPI Consulting

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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