World Perspectives

Food Inflation Forecast: Highs and Lows

USDA released its August food CPI forecast today; the expectation for the rest of the year is range bound with a mid-point of 5.9 percent. The most interesting part of the forecast was the wide range of projections for 2024 – from a drop of 2 percent in the low case scenario to an additional increase of 7.9 percent in the high case scenario. The bottom line is this forecast shows the uncertain economic outlook. 

Recall the July CPI release from the Bureau of Labor Statistics (BLS) showed July food inflation year-over-year was 4.9 percent; food at home was up 3.6 percent and food away was up 7.1 percent. USDA’s August forecast shows this year will end with food at home inflation at 5.2 percent (midpoint between 4.4 and 6...

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FOB Prices and Freight Rates App (Updated 4 March)

WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “How To”...

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Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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