Bears and Policy Although the discussion at a Kansas City Fed conference was framed as the shifting nexus in agriculture, it boiled down to how bearish should the ag finance community be on the outlook for agricultural prices. Billions of dollars have been invested by farmers and agribusiness in building the supply response capacity to the high crop prices of recent years and the dividends are now beginning to roll in. The University of Missouri's Pat Westhoff forewarned against understating the downside potential in price. Purdue University's Mike Boehlje warned the audience of sub-$4/bushel corn and assured everyone that we are in a farm land bubble with simply a question of when it will burst. Texas A&M's Joe Outlaw lament...
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.