The February rally came at a very good time for U.S. farmers as that is the month the initial (and minimum) price guarantees are established for the federal crop revenue insurance programs. Producers now know exactly what those per acre guarantees will be for their spring-planted crops and will compare them with crop production costs, etc., using these numbers to help make 2018 planting decisions. Amazingly, the numbers for corn and soybeans are almost exactly what they were at this time a year ago. This is also after both U.S. crops had record-breaking production in 2017 with forecasts of much lower prices that year and well into 2018. However, corn and soybean prices simply never got as cheap as many analysts expected. Weather problems i...
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.