World Perspectives

USDA to Propose New “Product of USA” Labeling Rules for Meat

Last Friday, we reported on the new Executive Order from the Administration on various competitive issues for agriculture and the meat sector. As we mentioned, USDA will issue a new rule on meat labeling with regard to what can be labelled as “Product of USA.” Secretary Vilsack added some clarity to that effort in his remarks at an event in Council Bluffs, Iowa. First, the issue. In June, the National Cattlemen’s Beef Association (NCBA) filed a petition with the Food Safety Inspection Service (FSIS) to change the current regulations that allow meat products to be labeled Production of the USA if the product included imported product which had been processed or packaged at an FSIS inspected facility. The U.S. Cattlemen&rsq...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds adding to net long position across the major ag futures contracts after a two week break as deteriorating negotiations in the Middle East and the emergence of weather concerns triggered risk-on buying. Funds bought 40,000 contracts (4.7 percent) to their...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.6925/bushel, up $0.0575 from yesterday's close.  Jul 26 Wheat closed at $6.2975/bushel, up $0.13 from yesterday's close.  Jul 26 Soybeans closed at $11.92/bushel, up $0.135 from yesterday's close.  Jul 26 Soymeal closed at $327.8/short ton, up $8.7 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Grain Markets’ Two Key Factors Increasingly Bullish

The big picture for commodity markets is that imperfect weather and the lack of a peace deal in the Middle East are mandating that traders keep risk premia in prices. All other developments in ag futures stem in some way from these two factors, though the details of how, exactly, these factors...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds adding to net long position across the major ag futures contracts after a two week break as deteriorating negotiations in the Middle East and the emergence of weather concerns triggered risk-on buying. Funds bought 40,000 contracts (4.7 percent) to their...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 26 Corn closed at $4.6925/bushel, up $0.0575 from yesterday's close.  Jul 26 Wheat closed at $6.2975/bushel, up $0.13 from yesterday's close.  Jul 26 Soybeans closed at $11.92/bushel, up $0.135 from yesterday's close.  Jul 26 Soymeal closed at $327.8/short ton, up $8.7 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Grain Markets’ Two Key Factors Increasingly Bullish

The big picture for commodity markets is that imperfect weather and the lack of a peace deal in the Middle East are mandating that traders keep risk premia in prices. All other developments in ag futures stem in some way from these two factors, though the details of how, exactly, these factors...

Farm Bill on Thursday

The House will vote on the farm bill this Thursday. This afternoon, the House Rules Committee is meeting to consider the rule for the House’s consideration of the farm bill, specifically determining which amendments can and cannot be offered. There are a number of controversial amendments...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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