Food prices have increased but not as much as energy costs. The latest CPI data shows food at home increased year-on-year in April by 10.8 percent, and by even more for animal proteins. However, the cost of gasoline has jumped from $2.948/gallon in April 2021 to $4.213/gallon last month. U.S. energy costs are a third less than Japan’s, and only half as much as Germany’s. Energy is about 14 percent of U.S. agricultural production costs and likely a larger share in most countries, though it is substantially less a cost burden in Russia. Because shipping water is expensive and even more so when bunker oil prices are high, countries that produce food and extract its water using lower energy costs are more competitive in global mark...
Weather concerns and the impacts of the war in Iran helped push wheat and corn to sharp gains Tuesday, with both markets blowing past key technical resistance levels. The weather is now coupled with geopolitical tensions that look increasingly hard to resolve, which is giving funds the perfect...
Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...
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.