The slow roll of the details of the farm bill continues. On Friday, House Agriculture Committee Chairman Glenn Thompson (R-Pennsylvania) released a title-by-title review of the House farm bill draft. This comes after both the House and Senate agriculture committees released broad outlines of their respective drafts on 1 May. The House Committee is scheduled to mark up the farm bill on 23 May; the full draft is expected to be released prior to that (tentatively 17 May or 20 May). Following are some highlights: Price Loss Coverage (PLC) program reference prices are increased between 10 to 20 percent depending on the commodity, based on increased cost of production since 2014 when the reference prices were set. The increased reference prices...
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.