World Perspectives
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U.S., EU Flip Positions

While Europe is now abandoning its dairy production quotas, congressional farm bill conferees are flirting with adopting the old EU policy of supply-limiting quotas in order to artificially prop up prices.The third annual debate between the top agricultural economists for the U.S. and EU brought informed discussion amidst the concluding House-Senate negotiations on a new farm bill and ahead of next week's third round of negotiations on the Transatlantic Trade and Investment Partnership (TTIP). CAP Competitiveness There has traditionally been a dichotomy in farm policy approaches across the Atlantic, but now the two economic powers have traded positions. In years past, the U.S. lectured Europe about the importance of market orientation in...

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Summary of Futures

Dec 25 Corn closed at $4.24/bushel, up $0.0025 from yesterday's close.  Dec 25 Wheat closed at $5.225/bushel, down $0.0175 from yesterday's close.  Nov 25 Soybeans closed at $10.255/bushel, down $0.12 from yesterday's close.  Dec 25 Soymeal closed at $284/short ton, down $0.7 fro...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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