While the House Transportation and Infrastructure Committee has passed a bill that would block implementation of the WOTUS rule, a bipartisan group of senators introduced legislation yesterday requiring that the EPA and Army Corps of Engineers create and propose a new version.Just about 30 days ago, the U.S. EPA and Army Corps of Engineers sent the final Waters of the United States (WOTUS) rule to the Office of Management and Budget (OMB) for final review. The rule defines the scope of environmental regulations under the 1927 Clean Water Act (CWA), which applies to "navigable waters" of the United States. Twice in the last decade, the Supreme Court has ruled that that term implies that some waters are not covered under the Act (i.e., those...
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...
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.