It is difficult to predict what the final farm program payments will be as based on harvest prices, contract prices, acres harvested and the like, but the savings from the farm bill are likely already spent – and then some.On 15 July, we reported that the likelihood of increased farm program payments was strong, given the bearish markets and the new farm programs. Now in mid-September and close to harvest, this is almost a guarantee. It is difficult to predict what final payments will be based on harvest prices, contract prices, acres harvested and the like, but the savings from the farm bill are likely already spent – and then some.Current corn, rice, cotton, sorghum and wheat prices already would trigger payments under the Price Loss Cove...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate incre...
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.