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feed-grains livestock softs

Senate Passes Farm Bill

The Senate today passed its version of the farm bill by a vote of 65-34. The following is a description of the bill and a list of amendments and how they were disposed. Commodity Title The Senate farm bill would repeal most current agricultural price and income support programs while authorizing a newly designed revenue protection program called the Ag Risk Coverage (ARC). Under the proposal, the Congressional Budget Office (CBO) estimates that federal spending on commodity programs over the 2013-22 period would total $43.2 billion, or $19.8 billion less than expected if current law were continued.Commodity programs phased out would include:

Direct payments made to producers based on historical acres and yields using fixed payment r...

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Summary of Futures

May 26 Corn closed at $4.4725/bushel, down $0.0175 from yesterday's close.  May 26 Wheat closed at $5.8025/bushel, down $0.1775 from yesterday's close.  May 26 Soybeans closed at $11.62/bushel, up $0.0375 from yesterday's close.  May 26 Soymeal closed at $314.1/short ton, up $2.3...

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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.

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