All Congress had to do was pass the omnibus spending bill before 11 December, the date when the current short-term continuing resolution expires. Each chamber had previously approved the budget agreement, but troubles set in before a final conference version between the two houses could be adopted.In late October, the White House and congressional Republican leadership came to terms on a budget agreement, the “Bipartisan Budget Agreement of 2015,” for an omnibus spending bill that would last to the end of FY 2016 and extend the debt limit through 2017. At the time, Congress was working under a short-term continuing resolution that was passed 1 October, the eve of the new fiscal year, which provides funding only through 11 December. All Cong...
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.