The Senate Appropriations Committee not only ignored the agricultural budget cuts recommended by the White House, but it ordered USDA Secretary Sonny Purdue to restore a position he had cancelled. Cotton War The Senate Appropriations Committee responded to the whining of the U.S. cotton industry and may give it a new $1 billion program on top of the $300 million ginning cost share program added last year. The proposal has at least three problems: By designating cottonseed eligible for the oilseeds provision of the Price Loss Coverage (PLC) subsidy program in addition to the lint insurance subsidy program in the 2014 Farm Bill, other groups will be encouraged to seek similar double-dipping in the future. For example, corn could propose th...
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.