World Perspectives

New Leadership for Congressional Energy Committees

With the retirement from Congress of House Energy and Commerce (HEC) Committee chair Cathy McMorris Rogers (R-WA), the gavel was up for grabs in what is arguably the most powerful committee in the House. The third and fourth ranking Republicans, Representatives Bob Latta of Ohio and Brett Guthrie of Kentucky, squared off to lead the panel, with Gutherie winning the backing of the House Republican Steering Committee yesterday. The next step to Guthrie’s ascension is for the full conference to ratify the Steering Committee’s choice, which typically is a formality.The HEC Committee is the oldest standing legislative committee in the House of Representatives and its broad jurisdiction – which includes health care (Guthrie is the chair of the he...

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feed-grains soy-oilseeds wheat

Market Commentary: Some Bouncing Off the Week’s Lows

Except for soyoil and SRW, the market provided a rebound today for the agricultural commodity markets. Most contracts reflected their overnight closes. Key points for today and the week include the following: New contract lows were printed this week in soybeans, soyoil, SRW, and HRS.  Only...

livestock

December Cattle on Feed Report in Line with Expectations

USDA released the monthly Cattle on Feed report today. The total cattle on feed inventory was 12 million head, the same as last year, as expected. Placements also were as expected, and marketings were slightly above November 2023.  12202024dj.png 22.92 KBNovember marketings as a percent of...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.4625/bushel, up $0.055 from yesterday's close. Mar 25 Wheat closed at $5.33/bushel, up $0 from yesterday's close. Jan 25 Soybeans closed at $9.745/bushel, up $0.115 from yesterday's close. Mar 25 Soymeal closed at $302.2/short ton, up $11.2 from yesterday...

feed-grains soy-oilseeds wheat

Market Commentary: Some Bouncing Off the Week’s Lows

Except for soyoil and SRW, the market provided a rebound today for the agricultural commodity markets. Most contracts reflected their overnight closes. Key points for today and the week include the following: New contract lows were printed this week in soybeans, soyoil, SRW, and HRS.  Only...

livestock

December Cattle on Feed Report in Line with Expectations

USDA released the monthly Cattle on Feed report today. The total cattle on feed inventory was 12 million head, the same as last year, as expected. Placements also were as expected, and marketings were slightly above November 2023.  12202024dj.png 22.92 KBNovember marketings as a percent of...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 25 Corn closed at $4.4625/bushel, up $0.055 from yesterday's close. Mar 25 Wheat closed at $5.33/bushel, up $0 from yesterday's close. Jan 25 Soybeans closed at $9.745/bushel, up $0.115 from yesterday's close. Mar 25 Soymeal closed at $302.2/short ton, up $11.2 from yesterday...

FOB Prices and Freight Rates App (Updated 20 December)

Ocean Freight Comments - 20 December 2024By Matt HerringtonFreight markets – particularly the dry bulk sector - continue to see thin trade that is leaving rates in the doldrums. Demand and fresh inquiries remain light with vessel overcapacity further depressing rates. Vessel owners are continua...

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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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