On 5 July, WPI reported that the recent Supreme Court decision on Loper Bright Enterprises v. Raimondo, which overturned the so-called “Chevron deference” whereby courts were to defer to agencies interpretations of ambiguous legislative intent, could have significant impacts on federal regulatory policy moving forward. It appears that impact is underway. This week the House of Representatives’ committee chairs have sent letters to the agencies that they oversee statutorily regarding that decision. Secretary Vilsack received a letter from the House Agriculture Committee making extensive requestions for information about USDA’s “legislative rules proposed or promulgated since January 20, 2021, identi...
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.
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...