In 2012, global trade in alfalfa hit 1.7 MMT and there was great optimism that it would continue to grow as a valuable forage crop. In fact, it hit the milestone a few years earlier of being the most cultivated forage legume in the world. But ongoing expansion was not to be. Since 2012, the amount of alfalfa traded globally has shrunk by an average -0.8 percent per year. It is the fourth most widely grown crop in the U.S. but remains a niche product, both in terms of where it is produced and the animals that consume it. Some blame the approval of GM alfalfa in 2010, but other field crops yield more energy and thus win the economic battle. ...
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
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.