Both houses of Congress were back in session last week; the House is scheduled to be in until 30 September and the Senate until 26 September. Congress will then break for October, leading up to the November elections. That means there are less than six days of votes left before the recess. Note, Congress will recess – but not adjourn – at the end of the month, implying there will be a lame duck session after the elections. If party control of either house changes, that could affect what would be brought up for consideration. Both houses are tentatively scheduled to come back around 15 November. One thing that will be dealt with during the lame duck session is federal spending; the end of the fiscal year is 30 September, and the...
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.