World Perspectives

More CAP Bashing; USMCA Political Dealing; Trade War’s Cost

More CAP Bashing A reported 2,500 scientists have written the European Parliament advising reform of the Common Agricultural Policy to address biodiversity, yet their proposed solution hardly seems scientific. They want policy to end intensive and “factory” farming. It is true that European countries rank surprisingly lower on habitat protection in the Yale Environmental Performance Index than in other categories (see table below), but without presenting clear data on farming’s causation it appears to be more anti-scale religion driving the so-called scientists. Based on Yale’s intensive study of the subject matter, “One of the consistent lessons of the EPI is that achieving sustainability goals requires the...

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Please note that Ag Perspectives will not be published tomorrow, Friday, 4 July in observance of the Fourth of July holiday in the U.S. We will resume our normal report schedule on Monday 7 July...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