The strategy in Europe and now developing in the U.S. is to replace fossil fuels with new green energy. Europe also wants to replace food produced using chemicals with green production approaches. At this juncture, coal and natural gas prices have doubled this year and are up 250 percent from a year ago. The problem is not caused by the carbon price in the EU emissions trading system but by the failure of wind energy this summer in Europe, coupled with a lack of investment in denigrated fossil fuel production. The Biden Administration has joined Europe in opposing official investments in coal and some policymakers want to eliminate the fuel by 2030. The Greens in Europe won on the issue of greening agricultural production and now wan...
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.