World Perspectives

Trump’s Chicken Contradiction; Carbon Bias; Nigeria Dissected

Trump’s Chicken Contradiction The U.S. Supreme Court asked the Trump administration for its position on a lawsuit by 12 states challenging California’s animal welfare requirements for egg-laying hens. The Justice Department surprisingly sided with California, arguing that the state’s requirement does not violate the national Egg Products Inspection Act, has not imposed higher costs and that states lack standing – it is the farmers getting hurt and not the state governments. However, the complainants argue that it is a violation of the Interstate Commerce Clause, which was intended to prevent disparate state rules that burden interstate commerce. Meanwhile, the Trump administration is arguing out the other side of i...

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Corn and soybean markets were just slightly firmer overnight with wheat slightly lower following yesterday’s fund-related sell-off. Today then saw corn and soybeans trading slightly lower with wheat getting hit fairly hard most of the morning. Wheat is again in a very weak technical posit...

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Summary of Futures

Mar 19 Corn closed at $3.7475/bushel, up $0 from yesterday's close.  Mar 19 Wheat closed at $5.0425/bushel, down $0.0275 from yesterday's close.  Mar 19 Soybeans closed at $9.075/bushel, up $0.04 from yesterday's close.  Mar 19 Soymeal closed at $306.5/short ton, up $1 from yeste...

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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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