We used to refer to wheat as the "political grain." However, it seems to have now been replaced by corn, which by any measurement is the largest and most important crop grown in the U.S. and, for that matter, the world. We used to refer to wheat as the "political grain." From the 1960s through much of the 1990s, U.S. wheat growers were arguably the most politically influential group of agricultural producers in the U.S. Their strong influence over certain U.S. agricultural policies and politics as well as the process of creating the quadrennial farm bill was legendary. One reason for this was the historical status of wheat itself -- the first crop cultivated by humans in pre-historic times, and wheat's image as the "staff of life." Another...
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.
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...