The President’s FY 2020 proposed budget was released today with$43 billion in proposed cuts to agriculture programs over 10 years. Some of the same proposals were put forth last year and other proposals are very typical to those from past budgets of even the Obama Administration which were not ever close to being enacted. The release is about a month earlier than last year’s plan which was delayed by the government shutdown over the failure to pass the appropriations bills the year prior. As is typical of Presidential budget blueprints, it is just a very small skirmish in a long and volatile federal budget debate that is often deferred until the 11th hour – or into the following budget year. The President’s budget p...
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.