Recessions and Farm Bills Roughly 52 percent of respondents to WPI’s recent survey (see graph below) believe that a global recession is less likely in 2018/19, and 34 percent thought one is more likely to occur during that timeframe. Meanwhile, South Africa fell into recession this week. Most economists believe that 2020 is probably the end period for what has been the longest U.S. economic recovery in history. Our latest survey asks when the next U.S. farm bill will be enacted; the current law expires at the end of this month. A Senate-House conference committee began negotiating on a draft bill today. Negotiators hope to complete their work in ten days, which would allow sufficient time for the Congressional Budget Office to &ldqu...
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.