World Perspectives

Tax Debate Coming in 2025 Despite Election Outcome

The 2024 election is now less than six months away. Most of the attention is being paid to various “horse race” issues such as polling, fundraising, endorsements, etc. Of course, the underlying interest is based on what the policy agenda will be starting in 2025, which as of this point is still speculative. Factoring in the Presidential election and party control of the House and Senate, there are eight potential outcomes, all of which will influence potential policy agendas and outcomes. However, there is one guarantee for the coming legislative calendar post-election: a new tax bill. Congress passed the Trump crafted Tax Cuts and Jobs Act (TCJA) in 2017, which entered into force in 2018. Note that tax bill was enacted when...

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USMCA Review Underway

U.S. trade officials have started the formal review process for the U.S.-Mexico-Canada Agreement (USMCA), inviting public comment ahead of next year's renegotiation of the pact. Under the process, the Office of the U.S. Trade Representative (USTR) will eventually be required to provide reports...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Session and More Ahead

Corn and soybeans traded much the way they did in the overnight session, though wheat posted something of a reversal. There were flash sales of corn to Mexico and Colombia but no new soybeans sales, which was bearish.  Treasury Secretary Scott Bessent, who is reportedly rising as a lead po...

soy-oilseeds

Soybean Crushing Margins Outlook for Q1 2025

With China back in the market for U.S. soybeans and soy product margins diverging from recent patterns, soybean crushing margins are again in a state of uncertainty. Volatility in CBOT board soybean crush margins has lessened over the past month with the soybean futures rally being almost equal...

USMCA Review Underway

U.S. trade officials have started the formal review process for the U.S.-Mexico-Canada Agreement (USMCA), inviting public comment ahead of next year's renegotiation of the pact. Under the process, the Office of the U.S. Trade Representative (USTR) will eventually be required to provide reports...

feed-grains soy-oilseeds wheat

Market Commentary: Mixed Session and More Ahead

Corn and soybeans traded much the way they did in the overnight session, though wheat posted something of a reversal. There were flash sales of corn to Mexico and Colombia but no new soybeans sales, which was bearish.  Treasury Secretary Scott Bessent, who is reportedly rising as a lead po...

soy-oilseeds

Soybean Crushing Margins Outlook for Q1 2025

With China back in the market for U.S. soybeans and soy product margins diverging from recent patterns, soybean crushing margins are again in a state of uncertainty. Volatility in CBOT board soybean crush margins has lessened over the past month with the soybean futures rally being almost equal...

feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.4725/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.4025/bushel, up $0.02 from yesterday's close.  Jan 26 Soybeans closed at $11.195/bushel, up $0.0375 from yesterday's close.  Jan 26 Soymeal closed at $311.2/short ton, down $0.1 fr...

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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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