This is the day the federal government runs out of money. Yesterday the House passed a stopgap spending bill, which includes expanded funding for farm loans, and now the Senate has until midnight to avert a shutdown.The U.S. House of Representatives passed a FY 2017 continuing resolution (CR) yesterday by a vote of 326 to 96. Republicans supported the measure 208 to 33 with Democrats voting 118 in favor versus 63 against. The measure will fund the government for approximately four months until 29 April 2017. At that point, congressional leadership hopes to have a deal for the remainder of the fiscal year (through 30 September) completed along with the FY 2018 appropriations.The federal government runs out of money at midnight tonight, forci...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.