Codifying Gains American farmers are said to be politically conservative. After all, they tend to vote for Republicans in large numbers. But even Republicans are not the budget hawks they once were. Instead, politics has solely become who gets the largess, not whether it builds more debt. Farmers have received tens of billions of dollars over the past two years as compensation for the trade war with China, and then for adverse impacts from the pandemic. Some of this money arrived at the same time commodity prices were rising and so net farm income rose by 43 percent in 2020. If there are no more supplemental payments, farm income will drop in 2021. Consequently, some farmers are not asking for more temporary payments, they want to lo...
Beef packer margins deteriorated to -$218/head last week, down $20 from the prior week as a softer Choice cutout combined with slightly lower fed cattle prices. The cutout slipped to $391/cwt while fed cattle prices eased to $256/cwt, leaving packer profits under pressure. Margins remain deeply...
What You Need to Know Today: The U.S. and Iran agreed to a peace deal on Monday with the deal expected to be signed Friday in Switzerland. The memorandum signed is explicit that Iran will allow 60 days of toll-free transit for all traffic through the Strait of Hormuz, and President Trump annou...
The U.S. and Iran announced a framework peace deal. Crude oil futures dropped to $83.08, the lowest since early March. The breakthrough comes as President Trump said that if Iran failed to reach a deal, he would order renewed military attacks. An LNG tanker chartered by India’s Petronet c...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.