Word is that USDA is considering allowing cotton farmers access to not just the subsidy program the industry demanded as their key support in the 2014 Farm Bill, the Stacked Income Protection Plan (STAX), but also to the one crafted for grain and oilseed farmers. Renegotiation of TPP U.S. Senate Majority Leader Mitch McConnell (R-Kentucky) sealed the fate of the Trans-Pacific Partnership (TPP) with his cautionary message to the Obama administration against sending the agreement to Capitol Hill before the November 2016 election. The situation mimics trade agreements negotiated at the end of prior administrations that were left stranded until uncensored successors took office. However, the political problems with TPP are largely self-inflic...
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.