Last week we made note of two events of importance to American agriculture that took place 50 years ago in 1963. One was the referendum in which U.S. wheat farmers voted down a proposal for mandatory restrictions on the amount of wheat acreage each farmer could plant in exchange for a "high" $2.00/bushel price support. There were to be harsh penalties for non-compliers. It was the first time that U.S. farmers rejected a government supply management proposal.The second event we recalled from 1963 was the first major sale of U.S. wheat to the Soviet Union at the height of the Cold War approved by President Kennedy shortly before he was assassinated. His approval unfortunately contained the proviso that 50 percent of any tonnage...
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.