World Perspectives

Budget Outtakes and Meat

The staff at the Commodity Futures Trading Commission (CFTC) continues to watch their long ball knocked foul. Budget Outtakes Some observations on other parts of the Obama administration's proposed budget for FY 2015:No Green Friend: President Obama is pushing his environmental agenda and brought John Podesta back into the White House to ensure its success. Yet, the president's budget proposes cutting EPA's budget by $300 million. This would be the fifth straight year in which the environment agency's funding was decreased. Most prior cuts were made to enforcement, but the president this time proposes reducing support for clean water. EPA does get to administer a newly proposed Climate Resilience Fund, which is a resignation that we are p...

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Summary of Futures

Dec 25 Corn closed at $4.24/bushel, up $0.0025 from yesterday's close.  Dec 25 Wheat closed at $5.225/bushel, down $0.0175 from yesterday's close.  Nov 25 Soybeans closed at $10.255/bushel, down $0.12 from yesterday's close.  Dec 25 Soymeal closed at $284/short ton, down $0.7 fro...

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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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