The big rallies in corn and soybeans since late March have been met with a huge sigh of relief from U.S. farmers and agricultural bankers. Farm meetings last winter were very pessimistic, and there was simply no way to project a profit in 2016 for any crop.The big rallies in corn and soybeans since late March have been met with a huge sigh of relief from U.S. farmers and agricultural bankers. Farm meetings last winter were very pessimistic, and there was simply no way to project a profit in 2016 for any crop. The bottom line of virtually every crop budget worksheet was red, and some were deeply so. USDA’s projections of net farm income were dropping like a rock as can be seen in the graphic below:WPI wrote often about how the low prices/low...
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.