World Perspectives

Tax Reform Assigned to Senate Working Groups

The working groups are to submit their reports to the Finance Committee by May 2015. However, it will be surprising if this process moves quickly, if at all, this year as there is still a major partisan divide on tax reform issues.

Tax reform is high on the agenda of Congress this year. The movement started at the end of 2013 when it did not pass a tax extender bill for expiring provisions. Instead, that debate was punted to 2014 and was intended to be rolled into a broader, longer-term reform package. At the time, the chairmen of the Senate Finance Committee and House Ways and Means Committee, the tax-writing committees, were Senator Max Baucus (D-Montana) and Representative Dave Camp (R-Michigan), respectively. They started 2014 with p...

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feed-grains soy-oilseeds wheat

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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