According to the Purdue University/CME Ag Economy Barometer, farmers’ outlook is at its lowest level post COVID. The index was 113 in March, which is down 12 points from February and 36 points from March 2021. It is the lowest since April 2020 when the index was 96 – which was the only time since 2016 that the index was below 100. The March index came from a producer survey conducted 14-18 March – about three weeks after the Russian invasion of the Ukraine. A question about the impact of the war was added to the survey. Some topline take aways are below: The Barometer is based on farmers’ perspective on current conditions, expectations for future conditions, and includes a Farm Financial Performance Index, a...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.