Trade Compensation Legs The Trump administration has approved a second tranche of trade mitigation payments to U.S. farmers and asserts that it is the final one. The Office of Management and Budget was reluctant to grant the payments in the first place, and its new director, Russell Vought, will be even harder to persuade on any future needs. But if the trade war continues to go poorly and the 2020 presidential election campaign begins to heat up, it is difficult to see how they can end. Farmers say they’d rather have trade than handouts, but Mr. Trump will pay a high political price if there is neither. WTO Developments The U.S. filed a WTO dispute settlement case two years ago charging China with exceeding its obligated l...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.