The 2023 farm bill process is under way with both the House and Senate Agriculture Committees having several hearings completed or scheduled. On 16 March, the Senate Agriculture Committee will receive testimony from Secretary Vilsack. For his part, the Secretary, in various speeches to date, has laid out his priorities for the farm bill: increasing markets for ethanol and sustainable aviation fuel; finding new energy markets for farm waste including methane; and growing value-added opportunities, such as developing a premium for climate-smart products. However, during the Senate hearing on commodity programs, USDA Undersecretary Robert Bonnie said the Administration has no additional plans to expand USDA’s pilot projects to develop &l...
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...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.