Immigration reform proponents have reduced spending on the issue at the same time conservative politicians have increased their rhetoric against illegal immigration. This would indicate opponents may have the edge in this mid-term election cycle. Immigration Stagnation The majority of U.S. farm workers are foreign-born and many are undocumented, which makes agricultural lobbyists in Washington big proponents of immigration reform. It is unclear, though, if reform will happen anytime soon. The Obama administration will reportedly soon unleash executive orders refining deportation procedures and broadening the amount of legal foreign workers. However, Democratic Senate candidate Michelle Nunn (Georgia) says the president should not use exec...
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.
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...