The Senate Agriculture Committee has scheduled hearings on the Rural Development and Energy titles of the farm bill as well as the Digital Commodities Consumer Protection Act of 2022 (DCCPA), which got a lot hotter after the FTX collapse. While this is still the 117th Congress, the rural development hearing was billed as the first for the 2023 farm bill which will be taken up in the next Congress. There will be few changes to the Senate Committee membership – there were only six Senators on the Agriculture Committee up for election this year and five won their races. The outstanding race is the Georgia run-off election of Senator Raphael Warnock (D-Georgia), and former Chairman Patrick Leahy (D-Vermont) retired. If Warnock wins, givi...
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.