USDA sent a reminder out to growers and producers today that there are two weeks left to apply for CFAP payments. As of Monday 24 August, there have been 557,592 approved applications and $9.222 billion dispersed from the $16 billion budget. But also this week, USDA Secretary Perdue indicated that a second round of payments will likely be unveiled after Labor Day weekend. Whether it is an extension of the first round, or a broader or differently structured program remains to be seen. Given the approaching election, we can safely assume there will be new commodities eligible, probably including biofuels. Payments to date include $466.85 million to soybean growers and $1.634 billion to corn growers. Payments made by states for program crops,...
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.