World Perspectives
soy-oilseeds softs

Cotton Supporters Seek Farm Program Status for Cottonseed

Technically,  it is cotton lint that is no longer eligible for certain crop support programs, and cottonseed could qualify as an oilseed. Thus, the National Cotton Council has petitioned USDA to designate it as such for the 2015 crop as well as 2016 and beyond under normal farm program rules. The House Agriculture Committee recently held a hearing on the global situation for cotton. To summarize, the U.S. ranks third in production behind China and India but is the leading exporter, representing more than one-third of global trade in raw cotton. Approximately 75 percent of all U.S. cotton is exported. China, with its significant textile industry, has traditionally been the most important market for those U.S. exports. However, it has in...

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feed-grains soy-oilseeds wheat

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

Forecasting developments in production agriculture

On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.

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