Friends in High Places The Biden Administration submitted an amicus brief to the Supreme Court on the challenge by livestock producers to California’s Proposition 12. It quotes a prior Supreme Court decision delineating that states cannot determine policy in other states where there is no legitimate interest. Specifically, it says “Voters in pork-producing States must determine what’s cruel treatment of animals housed in those states – not voters in California. The brief was prompted after 16 U.S. senators from both parties wrote asking the Administration to side with the pork producers. The framing of this case will play out when/if a carbon border measure is put into place. Fertilizer Crisis The EU is reportedly...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
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.