According to the May edition of the Purdue University Ag Barometer, farmers see farmland values remaining high and are likely to scale back on planned equipment purchases and investments in farm buildings and grain storage. The barometer is based on monthly surveys of 400 producers to gauge their economic sentiment each month. Each quarter there is an in-depth survey of 100 agriculture and agribusiness thought leaders. The overall index is at its lowest since September 2020; both the outlook for current conditions and future expectations were lower than in April (though higher than most months since 2018). Short-term land value expectations were down slightly from the April outlook, dropping from the April index of 159 to 157 in May;...
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.