World Perspectives
energy

House Passes FY 2018 Spending Bill

For the first time in 12 years, the House has finished all regular appropriations bills prior to the beginning of the next fiscal year. However, expected slow action in the Senate will delay a FY 2018 spending blueprint until December – at the earliest.The House approved an omnibus appropriations bill for FY 2018 on 14 September, the first time it has passed all the appropriations for the upcoming fiscal year in a dozen years (for FY 2006). The 12 appropriations bills, however, were passed as two packages rather than individually in accordance with regular order. It approved the first on 27 July, a $700 billion package that consolidated the four bills for the defense department (including military construction) and the legislative branch as...

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Mar 26 Corn closed at $4.1975/bushel, down $0.0175 from yesterday's close.  Mar 26 Wheat closed at $5.105/bushel, down $0.0075 from yesterday's close.  Mar 26 Soybeans closed at $10.3875/bushel, down $0.1025 from yesterday's close.  Mar 26 Soymeal closed at $291.6/short ton, down...

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Venezuela Oil Situation and Oil Price Impacts

The world woke up on January 3 to news of the arrest of Nicolas Maduro, the self-proclaimed president of Venezuela. Few expected this move from the U.S. administration, but in hindsight it may not have been surprising. The Biden administration had placed a $25 million bounty on Maduro through...

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Mar 26 Corn closed at $4.215/bushel, down $0.2425 from yesterday's close.  Mar 26 Wheat closed at $5.1125/bushel, down $0.06 from yesterday's close.  Mar 26 Soybeans closed at $10.49/bushel, down $0.135 from yesterday's close.  Mar 26 Soymeal closed at $298.3/short ton, down $5.4...

feed-grains soy-oilseeds wheat

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Mar 26 Corn closed at $4.1975/bushel, down $0.0175 from yesterday's close.  Mar 26 Wheat closed at $5.105/bushel, down $0.0075 from yesterday's close.  Mar 26 Soybeans closed at $10.3875/bushel, down $0.1025 from yesterday's close.  Mar 26 Soymeal closed at $291.6/short ton, down...

energy

Venezuela Oil Situation and Oil Price Impacts

The world woke up on January 3 to news of the arrest of Nicolas Maduro, the self-proclaimed president of Venezuela. Few expected this move from the U.S. administration, but in hindsight it may not have been surprising. The Biden administration had placed a $25 million bounty on Maduro through...

feed-grains soy-oilseeds wheat

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Mar 26 Corn closed at $4.215/bushel, down $0.2425 from yesterday's close.  Mar 26 Wheat closed at $5.1125/bushel, down $0.06 from yesterday's close.  Mar 26 Soybeans closed at $10.49/bushel, down $0.135 from yesterday's close.  Mar 26 Soymeal closed at $298.3/short ton, down $5.4...

feed-grains soy-oilseeds wheat

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Mar 26 Corn closed at $4.4575/bushel, down $0.0025 from yesterday's close.  Mar 26 Wheat closed at $5.1725/bushel, down $0.0075 from yesterday's close.  Mar 26 Soybeans closed at $10.625/bushel, up $0.0125 from yesterday's close.  Mar 26 Soymeal closed at $303.7/short ton, up $0...

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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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