There have been many questions about the potential number of acres in North Dakota that will not get planted and, instead, go to Prevented Plant (PP) under the crop insurance program. When North Dakota and eastern Montana were saturated in 2011, slightly more than 5 million acres were not planted in North Dakota alone. WPI's estimate this year is that approximately 3 million acres will not get planted and thus go the PP route in North Dakota. That is significant and is more than has been talked about in any market media. In fact, it has been a topic of conversation among only a few players in the market. Instead, we read that farmers in North Dakota made good planting progress again last week and that all the spring wheat intended acres g...
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.