World Perspectives

Policy Round-Up

Congress will be in recess next week for the President’s Day holiday and in-district work time. They will return on 1 March, which leaves 10 days to come up with funding for the rest of the fiscal year through 30 September. Yesterday the Senate passed a continuing resolution by a vote of 65-27; it was passed by the House on 8 February, by a vote of 272-162. The bill provides funding from now until 11 March.  Livestock Price Reporting The appropriations bill contained funding to continue the livestock reporting program (the authorization expired on 30 September 2021). It increasingly looks like Congress will just extend livestock price reporting for the remainder of the fiscal year and work on a new reauthorization prior to 30 Se...

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farm-inputs

Phosphate and Potash Added to Critical Minerals List

The Department of the Interior has added phosphate and potash, two key fertilizer ingredients, to the official Critical Minerals List. They are part of 60 minerals deemed vital to the U.S. economy and national security, with 10 of those being newly listed, that face potential risks from disrupt...

feed-grains soy-oilseeds wheat

Market Commentary: Pre-Weekend Bounce on a Mixed Week

Outside markets continued their downbeat on Friday but ag futures had a few recoveries from yesterday’s trouncing.  Corn closed lower for the day and the week.  The soy complex closed optimistically for the day but had a mixed week. Winter wheat closed lower on the day and the...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2725/bushel, down $0.015 from yesterday's close.  Dec 25 Wheat closed at $5.2775/bushel, down $0.0775 from yesterday's close.  Jan 26 Soybeans closed at $11.17/bushel, up $0.095 from yesterday's close.  Dec 25 Soymeal closed at $317.1/short ton, up $4.4 f...

farm-inputs

Phosphate and Potash Added to Critical Minerals List

The Department of the Interior has added phosphate and potash, two key fertilizer ingredients, to the official Critical Minerals List. They are part of 60 minerals deemed vital to the U.S. economy and national security, with 10 of those being newly listed, that face potential risks from disrupt...

feed-grains soy-oilseeds wheat

Market Commentary: Pre-Weekend Bounce on a Mixed Week

Outside markets continued their downbeat on Friday but ag futures had a few recoveries from yesterday’s trouncing.  Corn closed lower for the day and the week.  The soy complex closed optimistically for the day but had a mixed week. Winter wheat closed lower on the day and the...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.2725/bushel, down $0.015 from yesterday's close.  Dec 25 Wheat closed at $5.2775/bushel, down $0.0775 from yesterday's close.  Jan 26 Soybeans closed at $11.17/bushel, up $0.095 from yesterday's close.  Dec 25 Soymeal closed at $317.1/short ton, up $4.4 f...

feed-grains soy-oilseeds wheat

WPI Crop Balance Sheet Forecasts

Ahead of next week’s USDA’s Crop Production and WASDE reports, WPI offers our latest projections for the corn, soybean, and wheat balance sheets. The key findings from this effort are that corn and soybean supplies are set to expand on upward yield revisions. Too, demand for corn an...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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