The dropping prices and the attractiveness of the ARC program under a more bearish market outlook have caused the CBO to update its cost projections for the farm bill as of March.The Congressional Budget Office (CBO) issued its new baseline projections for federal spending, as it typically does after the president submits his budget. The last version was in January. In this annual March update, the CBO projects that the federal budget deficit will total $486 billion in FY 2015, about the same as the shortfall posted in FY 2014. However, because gross domestic product (GDP) has increased, the deficit projected for 2015 represents a slightly lower percentage of GDP at 2.7 percent compared with 2.8 percent last year. It peaked at 9.8 per...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.