Back on 31 May WPI updated its world wheat production table and talked about how world wheat supplies were tightening. We wrote that there were still some significant production problems that were getting worse, not better. Unfortunately, that situation has gotten worse, not better, and world wheat supplies are now starting to slip to levels that can now be considered somewhat bullish. This is especially true when you take the wheat situation in concert with the increasingly super tight corn and oilseed outlooks. The table below is an updated version of the one we used in the 31 May article. The numbers in parenthesis indicate the change from the USDA May report to its July report and the change from WPI's 31 May numbers to today.The most...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.