As WPI has reported, the continuing resolution (CR) passed in November 2023 gave Congress two deadlines to pass the various 12 appropriations bills – the first milestone being 19 January for four appropriations bills, including the agriculture appropriations. Supplemental funding for these bills contained in the CR would otherwise expire if the four individual bills were not passed by 19 January. The second deadline is 2 February for the remaining eight appropriations bills. Over the weekend, with 12 days to go before deadline number one, an outline of a bipartisan, bicameral agreement between the House Republican leadership and the Senate Democrat leadership was announced. Note this is discretionary funding, i.e., operat...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
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.