World Perspectives
wheat livestock

Jurisdictional Mayhem; War and Farm Policy; War and Food Inflation

Jurisdictional Mayhem According to the Constitution, the U.S. Congress has the power to regulate trade among the several states, but it does not have the obligation and there is confusion when it does not. The Supreme Court is being asked to intercede on behalf of pork producers who dislike California’s requirements for animal welfare being applied to other states supplying pork products. Meanwhile, a federal appeals court has just ruled that California’s state-level ban on the sale of foie gras does not apply to product purchased by individuals and brought in from other states. For that matter, California farmers themselves can produce foie gras, it just cannot be sold in California. This could open the door to the direct mark...

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feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on Dry Plains Weather; Cattle Futures Hit New Records

The CBOT saw wheat lead the way higher as traders are increasingly concerned about dry weather in the U.S. Southern Plains, as well as parts of the Black Sea. That strength spilled over into corn and soybeans a little bit, but neither of those markets could sustain any meaningful rallies. Fresh...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.61/bushel, up $0.025 from yesterday's close.  May 25 Wheat closed at $5.685/bushel, up $0.115 from yesterday's close.  May 25 Soybeans closed at $10.155/bushel, down $0.005 from yesterday's close.  May 25 Soymeal closed at $304.3/short ton, down $1.6 from...

Budget Deal Made Just in Time

The House of Representatives and the U.S. Senate have both passed the full-year Continuing Appropriations Act, which would fund the government under a continuing resolution (CR) for the remainder of fiscal year (FY) 2025. The Congressional Budget Office (CBO) estimates that this bill would set...

feed-grains soy-oilseeds wheat

Market Commentary: Wheat Rallies on Dry Plains Weather; Cattle Futures Hit New Records

The CBOT saw wheat lead the way higher as traders are increasingly concerned about dry weather in the U.S. Southern Plains, as well as parts of the Black Sea. That strength spilled over into corn and soybeans a little bit, but neither of those markets could sustain any meaningful rallies. Fresh...

feed-grains soy-oilseeds wheat

Summary of Futures

May 25 Corn closed at $4.61/bushel, up $0.025 from yesterday's close.  May 25 Wheat closed at $5.685/bushel, up $0.115 from yesterday's close.  May 25 Soybeans closed at $10.155/bushel, down $0.005 from yesterday's close.  May 25 Soymeal closed at $304.3/short ton, down $1.6 from...

Budget Deal Made Just in Time

The House of Representatives and the U.S. Senate have both passed the full-year Continuing Appropriations Act, which would fund the government under a continuing resolution (CR) for the remainder of fiscal year (FY) 2025. The Congressional Budget Office (CBO) estimates that this bill would set...

feed-grains soy-oilseeds wheat

European Market Analysis

Regional News  Egg shortages and rising prices are not just a feature of U.S. agriculture right now, German and northern European markets broadly are experiencing similar shortages. German sources note the supply of “barn eggs” is too small for “prevailing demand”...

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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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