World Perspectives
biofuel energy

Farm Bill; Ethanol

Farm Bill Changes The House-Senate Farm Bill conference kicked off this week and among all the various thorny issues are two non-problems. The first is whether passage of the bill will require it to become merged with the budget resolution that is currently being conferenced independently. The symbiotic benefit is that the budget resolution could claim credit for the mandatory spending cuts in the Farm Bill, and the Farm Bill will be more assured of final passage if attached to a "must-pass" broader measure. Opponents to this approach worry that it undermines the autonomy of the agriculture committees and would become a permanent approach. However, it should be viewed as legislative expediency and while change can be hard, legislating...

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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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