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FY 2014 Budget Talks Underway

Now that the government has reopened, Congressional Budget Committee Chairmen Senator Patty Murray (D-Washington) and Representative Paul Ryan (R-Wisconsin) have begun the process of creating a budget plan that must be completed by 13 December. If the bicameral budget process does not work, then a second sequester will be imposed by 15 January 2014. The first sequester took place on 3 January 2013 as part of the Deficit Control Act of 2011. That legislation provided budget targets for Congress to meet and would trigger an across the board sequester if those targets were not met. This means, whether overtly or covertly, much of the budget committees' efforts will be channeled into exempting certain types of spending from the sequester. The...

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feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds paring back their net long position across the major ag futures contracts for the second straight week as signs of hope in the Middle East triggered an exit of geological “risk on” trades from commodity markets. Funds sold 40,000 contracts (4...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds paring back their net long position across the major ag futures contracts, ending a ten-week streak of net buying. Funds sold 62,000 contracts (6.4 percent) to their all-ags net long position last week with selling in corn, soybeans, and CBOT wheat respon...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5425/bushel, down $0.035 from yesterday's close.  May 26 Wheat closed at $5.975/bushel, down $0.1875 from yesterday's close.  May 26 Soybeans closed at $11.685/bushel, down $0.025 from yesterday's close.  May 26 Soymeal closed at $318.2/short ton, up $1.8...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds paring back their net long position across the major ag futures contracts for the second straight week as signs of hope in the Middle East triggered an exit of geological “risk on” trades from commodity markets. Funds sold 40,000 contracts (4...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds paring back their net long position across the major ag futures contracts, ending a ten-week streak of net buying. Funds sold 62,000 contracts (6.4 percent) to their all-ags net long position last week with selling in corn, soybeans, and CBOT wheat respon...

feed-grains soy-oilseeds wheat

Summary of Futures

May 26 Corn closed at $4.5425/bushel, down $0.035 from yesterday's close.  May 26 Wheat closed at $5.975/bushel, down $0.1875 from yesterday's close.  May 26 Soybeans closed at $11.685/bushel, down $0.025 from yesterday's close.  May 26 Soymeal closed at $318.2/short ton, up $1.8...

feed-grains soy-oilseeds wheat

CFTC COT Report Analysis

Friday’s CFTC report showed funds expanding long positions across the major ag futures contracts for the tenth straight week. Funds added 67,000 contracts (7.7 percent) to their all-ags net long position – nearly doubling the prior week’s purchases - with buying in corn and so...

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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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