The FY 2017 agriculture appropriations bill includes a provision offered by Senator John Hoeven (R-North Dakota), initiated by concerns that some North Dakota and South Dakota counties netted lower payments than anticipated for 2014.The Senate could take up the FY 2017 agriculture appropriations bill this week. That measure passed out of committee in May by a 30-0 vote and included a provision offered by Senator John Hoeven (R-North Dakota), which creates a pilot program for reassessment of how the Agricultural Risk Coverage (ARC) program is implemented. This was initiated by concerns that some North Dakota and South Dakota counties netted lower payments than anticipated for 2014.There were also similar reports from some counties in Iowa. I...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.