The House Agriculture Committee will hold two farm bill hearings this week, one on the Supplemental Nutrition Assistance Program (SNAP) and one on crop programs and crop insurance. Those comprise the big ticket spending items in the farm bill. Last week the Congressional Budget Office CBO) released its 10 year projected estimates for those programs, plus the conservation programs in the bill. While the 10-year baseline is a projection assuming current 2018 farm bill policies stay in place and thus is not directly relevant to a new farm bill in 2023, it is an important benchmark because the agriculture committees must stay within that budget scope in writing the new farm bill. Increased spending in one title of the legislation m...
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.