World Perspectives
soy-oilseeds softs

Cotton: Farm Programs No, Commodity Certificates Yes

While USDA has determined that it does not have the authority to designate cottonseed as a minor oilseed under the 2014 Farm Bill, it did announce the eligibility of certain crops (i.e., cotton) for commodity certificates.The National Cotton Council and more than 100 members of Congress (bipartisan) together with approximately 375 ag lenders had urged USDA Secretary Vilsack to designate cottonseed as a minor oilseed under the 2014 Farm Bill (see Ag Perspectives, 21 December). Such action would have qualified it for farm bill subsidies, most prominently under the Price Loss Coverage (PLC) program. This would also treat cottonseed differently from lint, which is no longer eligible for such payments per a WTO ruling in a case brought against U...

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Summary of Futures

Jul 25 Corn closed at $4.7025/bushel, down $0.13 from yesterday's close.  Jul 25 Wheat closed at $5.255/bushel, down $0.055 from yesterday's close.  Jul 25 Soybeans closed at $10.5275/bushel, down $0.0975 from yesterday's close.  Jul 25 Soymeal closed at $298.2/short ton, up $2.3...

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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.

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