Today's extended weather maps and the pattern that is developing should impact talk of planting delays across the Corn Belt.Today's extended weather maps finally show a warmer and drier pattern developing across the eastern Corn Belt. In fact, nearly all of the U.S. agricultural production acres look warm and dry into mid-May. This is good news from a planting perspective. Soil temperatures will warm up, which will finally spur germination. It should also mean that any talk of planting delays across the Corn Belt will be relegated to the dust bin. Remember, American farmers are so over-mechanized that they can plant an incredible amount of acres in a day. There are some estimates that we could plant 10-15 percent of the corn crop per day if...
What You Need to Know Today: Oil prices surged today following reports of tanker attacks off the coast of Saudi Arabia by Houthi rebels and renewed U.S. threats to escalate military strikes against Iran, heightening concerns over potential disruptions to Middle East energy supplies. Brent crud...
Key Takeaways: The latest UN data shows solid progress reducing global hunger and food insecurity. The geography of hunger-affected people has shifted substantially, however, and Africa is now the most affected region. To understand why hunger patterns have shifted and what policy option...
USDA’s monthly cattle on feed report for 1 July will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 102.2 percent of last year. Those estimates imply an on-feed inventory of 11.327 million head. If accurate, that would be the...
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.