As Congress returns from the 4th of July recess next week, the House will be in session for three weeks prior to the August break. However, the Senate is (at this time) still scheduled to be in session through August. Below are some of the top issues facing agriculture. Pruitt Resignation As Gary Blumenthal wrote yesterday (click here),President Trump accepted the resignation of EPA Administrator and former Oklahoma Attorney General Pruitt. He will be succeeded by his deputy, Andrew Wheeler, in at least an acting administrator capacity. There is no guarantee that he will be nominated for the post of administrator, and he will face battles on two fronts if he is. First, Wheeler will have opposition from the environmental com...
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.