It is midterm Election Day in the U.S., and the antipathy between Trump supporters and haters is generating more than the usual interest. Whatever the results may be, the campaign has emphasized the wide chasm that exists between the two sides. Current polling suggests that the Democrats will regain control of the House with Republicans retaining their majority in the Senate. Election polling is not infallible, though, as the 2016 presidential election demonstrated. If the polls are correct, however, there will be two years of inflammatory, abrasive political gridlock in Washington. Any number of needed congressional actions, including on budget issues, debt limits, trade agreements and a new farm bill, are likely to be held hostage by one...
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.
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...