This is the day the federal government runs out of money. Yesterday the House passed a stopgap spending bill, which includes expanded funding for farm loans, and now the Senate has until midnight to avert a shutdown.The U.S. House of Representatives passed a FY 2017 continuing resolution (CR) yesterday by a vote of 326 to 96. Republicans supported the measure 208 to 33 with Democrats voting 118 in favor versus 63 against. The measure will fund the government for approximately four months until 29 April 2017. At that point, congressional leadership hopes to have a deal for the remainder of the fiscal year (through 30 September) completed along with the FY 2018 appropriations.The federal government runs out of money at midnight tonight, forci...
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.