Congress will be in recess next week for the President’s Day holiday and in-district work time. They will return on 1 March, which leaves 10 days to come up with funding for the rest of the fiscal year through 30 September. Yesterday the Senate passed a continuing resolution by a vote of 65-27; it was passed by the House on 8 February, by a vote of 272-162. The bill provides funding from now until 11 March. Livestock Price Reporting The appropriations bill contained funding to continue the livestock reporting program (the authorization expired on 30 September 2021). It increasingly looks like Congress will just extend livestock price reporting for the remainder of the fiscal year and work on a new reauthorization prior to 30 Se...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.