World Perspectives

Debt Limit, Budget, and the Farm Bill

President Biden and the four top Congressional leaders - House Speaker Kevin McCarthy (R-California), Minority Leader Hakeem Jefferies(D-New York), Senate Majority Leader Chuck Schumer (D-New York), and Senate Minority Leader Mitch McConnell (R-Kentucky) – are scheduled to be meeting today at the time of this report to negotiate on a debt ceiling and potential budget bill; the last meeting was with McCarthy and President Biden on 1 February. Today’s meeting of the principals was preceded by senior staff level meetings last Friday. At the time, the Treasury Department estimated the federal government would no longer be able to maintain extraordinary measures to avoid borrowing and cover debt payments by 5 June; the Congressional...

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feed-grains soy-oilseeds wheat

Summary of Futures

Sep 25 Corn closed at $4.0925/bushel, down $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, up $0.0225 from yesterday's close.  Aug 25 Soymeal closed at $275.8/short ton, up $0.2...

wheat

WPI Wheat Outlook: 2025/26 Prices to Firm After Q1 Weakness

With the June Grain Stocks report now in the rear-view mirror and having offered USDA’s somewhat final (there is always the possibility of revisions) assessment of ending stocks for the 2024/25 crop, WPI offers the following outlook for the U.S. and global wheat markets. We specifically f...

Crop Life America Registers Strong Comments on MAHA Strategy

In a 12-page letter to the Secretary of Health and Human Services, Crop Life America (CLA) outlined a number of issues for the Make America Healthy Again (MAHA) strategy on pesticides to further “our shared goals of promoting children’s health and ensuring that pesticide regulatory...

feed-grains soy-oilseeds wheat

Summary of Futures

Sep 25 Corn closed at $4.0925/bushel, down $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, up $0.0225 from yesterday's close.  Aug 25 Soymeal closed at $275.8/short ton, up $0.2...

wheat

WPI Wheat Outlook: 2025/26 Prices to Firm After Q1 Weakness

With the June Grain Stocks report now in the rear-view mirror and having offered USDA’s somewhat final (there is always the possibility of revisions) assessment of ending stocks for the 2024/25 crop, WPI offers the following outlook for the U.S. and global wheat markets. We specifically f...

Crop Life America Registers Strong Comments on MAHA Strategy

In a 12-page letter to the Secretary of Health and Human Services, Crop Life America (CLA) outlined a number of issues for the Make America Healthy Again (MAHA) strategy on pesticides to further “our shared goals of promoting children’s health and ensuring that pesticide regulatory...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Monday’s delayed CFTC report showed managed money traders leaning mostly neutral the major ag markets last week, with activity across the grains and oilseed complex being rather subdued. Funds added just 1,997 contacts (12.8 percent) to their small net short across the ag space last week...

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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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