CAP Battle Tomorrow Environmental groups will be leading protests tomorrow as the new European Parliament (EP) meets in Strasbourg. Using small farmers as their backdrop, they are demanding that the EP rewrite the Common Agricultural Policy (CAP) to give less support to large farmers and spend more money on climate change, the production of food for local use instead of for the global market, and restricting the use of pesticides. It is reported that the fight between mainstream European agriculture and environmentalists could delay the next iteration of the CAP by two years. North and South American farmers might be elated by this news. Weaponized Trade Policy After watching President Trump “weaponize” trade policy, Eu...
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...
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.