On 17 January, we reported the list of new Republican majority members of the House Agriculture Committee. At the time, the Republican side increased from 23 members to 27 under the new majority. Representative Randy Feenstra (IA-4) moved off the ag panel for a seat on the Ways and Means Committee. Now, that has already changed. Feenstra received a waiver to sit on both committees and will return becoming the 28th member of the Republican majority. House Agriculture Committee chairman Glenn Thompson said the move was to accommodate the Democratic side’s interest to have 24 members. Some new Democrat members will be named today, but at least three seats have not been determined and will be announced “at a later date.&rdqu...
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.