WOTUS Volatility The White House is reviewing EPA’s latest attempt to definitively define the waters of the U.S. (WOTUS) for regulatory purposes under the Clean Water Act. Like fossil fuel extraction policy, wetlands policy changes with each shift in political party control of the White House. Farmers remain perplexed over how the government can regulate what they often deem to just be temporary and non-navigable wet areas on their farms. Notable is the fact that the Biden White House is trying to rush the rule out ahead of an expected Supreme Court ruling on Sackett v. EPA, which may give leverage to landowners challenging EPA restrictions on land use. G7 Dreams G7 trade ministers met in Germany and espoused their hopes for a full...
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.