Tomorrow the House Appropriations Committee’s subcommittee on Agriculture will consider farm and food program spending for FY 2018.The House Appropriations Committee released the FY 2018 ag appropriations bill today, and its subcommittee on Agriculture will consider the package tomorrow. The bill also includes funding for the Food and Drug Administration(FDA) and the Commodity Futures Trading Commission (CFTC).The funding plan of $144.9 billion for total discretionary and mandatory spending bridges the gap between last year’s total appropriations of $153.4 billion and the president’s request of $140.3 billion. Although most programs covered in the bill are discretionary, a majority of the funding is for mandatory programs like the Supplemen...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.