U.S. Senator Charles Grassley (R-Iowa) says he doesn't believe next week's election will have much impact on the farm bill debate and the legislation's course remains uncertain. Still, an overwhelming number responded to WPI's recent poll (see graph below) by saying the most likely future policy change is a larger cut in farm subsidies.As crops are being planted for the 2012/13 marketing year, estimates for current production in China and prospective production in Brazil and Argentina are being cut. Still, it is a long year ahead. What is your view of the prospects for ag commodities? Please go to www.worldperspectives.com and provide your opinion on whether the 2013 ag commodity supply and demand balance will be bullish, bearish or neutr...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.