World Perspectives

Friday Deadline Looms for Budget and Border Deal

The Sunday political talk shows painted a dim picture of the ongoing budget discussions between Congress and the administration. Appearing on one of them, Senate Appropriations Committee Chairman Richard Shelby (R-Alabama) said that the negotiations on the border issue were running into snags over several issues, including the following: Building a wall and how much will be appropriated for border security (now somewhere between $1.2 and $5.7 billion) Limiting the number of detention beds used by the Immigration and Customs Enforcement (ICE) to a maximum 16,500, including those arrested for crimes other than illegal immigration status Shelby said he was “not confident” about making progress. House Budget Committee Chairma...

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Summary of Futures

Mar 26 Corn closed at $4.445/bushel, up $0.04 from yesterday's close.  Mar 26 Wheat closed at $5.0775/bushel, up $0.015 from yesterday's close.  Jan 26 Soybeans closed at $10.5225/bushel, down $0.06 from yesterday's close.  Jan 26 Soymeal closed at $298.4/short ton, up $0.2 from...

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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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