World Perspectives

Farm Bill Schedule; Digital Protectionism

Farm Bill Schedule Congressman Mike Johnson (R-Louisiana) appears poised to capture the position of House Speaker. If successful, he will prove the axiom that it is not the best candidate that wins a position, but rather the least disliked. He also heard and responded to complaints from the House Republican Caucus about getting things done. Former Speaker Kevin McCarthy was roundly criticized for failing to move basic things like appropriations bill through the chamber.  Johnson laid out an aggressive schedule that includes in the month of December: “Passage of the Farm Bill and await Senate action. Begin negotiations [with the Senate] as soon as possible.” Unlike previous nominees, there was no effort to obtain commitmen...

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Summary of Futures

Jul 25 Corn closed at $4.175/bushel, up $0.08 from yesterday's close.  Sep 25 Wheat closed at $5.4075/bushel, up $0.04 from yesterday's close.  Nov 25 Soybeans closed at $10.2475/bushel, up $0.0825 from yesterday's close.  Jul 25 Soymeal closed at $271.1/short ton, up $0.2 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Trade Deals, Emerging Dryness Spark CBOT Short Covering

Traders seemed content to take short risk off the table heading into the weekend with USDA’s June Acreage and Grain Stocks reports due out Monday. Funds in particular are comfortable with positions ahead of these reports and saw little reason to push markets further into oversold territor...

Trade Negotiation Update; Miscellaneous

Trade Negotiation Update There were no shortages of eye-opening news reports this week and the notable one on trade late today was President Trump’s announcement that he is ending trade negotiations with Canada. Ottawa’s decision to impose a retroactive digital services tax on Ameri...

feed-grains soy-oilseeds wheat

Summary of Futures

Jul 25 Corn closed at $4.175/bushel, up $0.08 from yesterday's close.  Sep 25 Wheat closed at $5.4075/bushel, up $0.04 from yesterday's close.  Nov 25 Soybeans closed at $10.2475/bushel, up $0.0825 from yesterday's close.  Jul 25 Soymeal closed at $271.1/short ton, up $0.2 from y...

feed-grains soy-oilseeds wheat

Market Commentary: Trade Deals, Emerging Dryness Spark CBOT Short Covering

Traders seemed content to take short risk off the table heading into the weekend with USDA’s June Acreage and Grain Stocks reports due out Monday. Funds in particular are comfortable with positions ahead of these reports and saw little reason to push markets further into oversold territor...

Trade Negotiation Update; Miscellaneous

Trade Negotiation Update There were no shortages of eye-opening news reports this week and the notable one on trade late today was President Trump’s announcement that he is ending trade negotiations with Canada. Ottawa’s decision to impose a retroactive digital services tax on Ameri...

Input Costs Forecast to Rise, Led by Fertilizer

After rising sharply in 2022, input costs remain stubbornly high yet today. At the same time, the prices received for major crops like corn, soybeans and wheat have fallen by as much as 30 percent over the same period.   In response to these economic headwinds, Congress stepped up thr...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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