All corn acres in the U.S. are past the deadline for full crop insurance coverage, meaning that farmers can either elect to take prevented planting payments or plant late and see crop insurance coverage drop for each day past the deadline. 5 June is the latest deadline, mostly in the eastern Corn Belt, and the last day to elect prevented planting is 15 days after. Farmers who elected to take prevented planting coverage were assumed to be ineligible for the Market Facilitation Program (MFP) payments, which are intended to offset the impact of retaliatory tariffs on U.S. crops. Yesterday, however, USDA Secretary Perdue issued the following statement: USDA is not legally authorized to make Market Facilitation Program payments to produce...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.