World Perspectives

Congressional Landscape Update

With Congress adjourned for the Independence Day recess, it's worthwhile to provide an update on the political landscape against which the farm bill will be considered (see WPI 25 June). Since the Senate approved its version of the 2012 Farm Bill in a bipartisan vote, the House and Senate passed the conference version of the transportation bill by 373-52 and 74-19, respectively. The bill provides funding for transportation through 2014, extends the National Flood Insurance Program for five years and, in another "must do" piece of congressional action prevents student loans from doubling to 6.8 percent interest rate as of today.There are two key provisions for agriculture:

Regarding trucks crossing state lines, there is an exemption for a...

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Summary of Futures

May 26 Corn closed at $4.4725/bushel, down $0.0175 from yesterday's close.  May 26 Wheat closed at $5.8025/bushel, down $0.1775 from yesterday's close.  May 26 Soybeans closed at $11.62/bushel, up $0.0375 from yesterday's close.  May 26 Soymeal closed at $314.1/short ton, up $2.3...

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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.

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