The Federal Milk Marketing Order (FMMO) hearing is now closed. All final arguments had to be submitted by 1 April. From 23 August 2023 through 30 January 2024, there were 49 days of hearings, the longest on record, with more than 12,000 pages of transcribed oral arguments in addition to all written documents submitted for the record as exhibits and final and closing arguments. Unlike other regulatory changes, the process is conducted in a legal setting presided over by an administrative law judge. USDA now has until 1 July to review all briefs and make its recommendations based on the petitions and testimony, after which there will be a final comment period before dairy producers get to vote. In all, there were 21 proposals put forth in fi...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.