World Perspectives

Pigs Better than People; Durability and Opposition; State Directed Morals

Pigs Better than People  House Agriculture Committee Chairman Glenn “GT” Thompson (R-Pennsylvania) says he will take the proverbial bull by the horns in the Prop 12 versus EATS animal welfare debate. The Supreme Court allowed California’s Prop 12 to prevail because there was no federal statute with which it conflicted. The Animal Welfare Act requires minimum standards for commercial animals, but it is far less robust than food safety, for example, bred for commercial sale; used in research, teaching, or testing; transported commercially; or exhibited to the public. States are quickly enacting provisions that will explode case law. For example, Delaware just enacted a definition of "abuse" to mean animal cruelty that...

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Market Commentary: CBOT Rises as Precipitation Forecasts Fall

The CBOT tried – and mostly succeeded – to reverse Friday’s selloff with corn, wheat, and the soy complex all turning higher to start the first full trading week of 2025. The fundamental catalysts for the day’s strength were the slide in the U.S. dollar, thanks to more trade-friendly (or at lea...

Congress Certifies 2024 Election

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Summary of Futures

Mar 25 Corn closed at $4.5775/bushel, up $0.07 from yesterday's close. Mar 25 Wheat closed at $5.405/bushel, up $0.1125 from yesterday's close. Mar 25 Soybeans closed at $9.9775/bushel, up $0.06 from yesterday's close. Mar 25 Soymeal closed at $307.3/short ton, down $1.3 from yes...

feed-grains soy-oilseeds wheat

Market Commentary: CBOT Rises as Precipitation Forecasts Fall

The CBOT tried – and mostly succeeded – to reverse Friday’s selloff with corn, wheat, and the soy complex all turning higher to start the first full trading week of 2025. The fundamental catalysts for the day’s strength were the slide in the U.S. dollar, thanks to more trade-friendly (or at lea...

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Mar 25 Corn closed at $4.5775/bushel, up $0.07 from yesterday's close. Mar 25 Wheat closed at $5.405/bushel, up $0.1125 from yesterday's close. Mar 25 Soybeans closed at $9.9775/bushel, up $0.06 from yesterday's close. Mar 25 Soymeal closed at $307.3/short ton, down $1.3 from yes...

Another Trump Threat; UPF Threat; AI Threat; Africa-Land of Opportunity

Another Trump ThreatThe farm community supported Donald Trump’s election despite his pledge of tariffs that will no doubt cause retaliation against U.S. exports. Then he nominated food sector critic Robert F. Kennedy, Jr. to oversee the safety of the industry. Trump himself had signed the Preve...

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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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