World Perspectives

Farm Bill Outlook in House and Senate

House Ag Committee Chairman Michael Conaway (R-Texas) would like to have the farm bill on the House floor during the week of 14 May. He is hoping that all the farm meetings held in districts during the recent congressional recess will have helped tee up the bill for the House to consider. The coming days will be dedicated to the whip process of rounding up votes with its speed and outcome likely determining the legislative schedule. As previously noted many times, the two major program issues were cotton and dairy, top commodities for the districts of the chairman and Ranking Minority Member Collin Peterson (D-Minnesota), respectively. Those were fixed in February’s emergency appropriations bill, and that took some of the pressure off...

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feed-grains soy-oilseeds wheat

Market Commentary: Mixed Day But a Strong Week, And More Ahead

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U.S. July Fourth Holiday

Please note that Ag Perspectives will not be published tomorrow, Friday, 4 July in observance of the Fourth of July holiday in the U.S. We will resume our normal report schedule on Monday 7 July...

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feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.37/bushel, up $0.035 from yesterday's close.  Sep 25 Wheat closed at $5.5675/bushel, down $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.4925/bushel, up $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $292.2/short ton, up $1.4 fr...

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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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