World Perspectives

Elections and Policy; Appeal of Non-reciprocals

Elections and Policy Congressman Jim Jordan came up 20 votes short in his first-round effort to secure the Speakership of the U.S. House. Some farm state Republicans were seeking assurances from him that the farm bill will have a chance at passage this year. Historically, he has voted against farm bills. Meanwhile, and across the pond, the Green Deal and Farm to Fork policies issued by Brussels in June 2022 appear to have slipped from the work agenda between now and the June 2024 elections.  A group of 11 countries are trying to remove the proposal’s requirement that each member state have a specified pesticide reduction target reaching 50 percent by 2030. While the liberal faction won this past weekend in Poland, the nonincumb...

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Dec 25 Corn closed at $4.2375/bushel, down $0.03 from yesterday's close.  Dec 25 Wheat closed at $5.2425/bushel, down $0.04 from yesterday's close.  Nov 25 Soybeans closed at $10.375/bushel, down $0.0625 from yesterday's close.  Dec 25 Soymeal closed at $284.7/short ton, down $1...

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livestock

Livestock Roundup: Cattle on Feed Preview

USDA’s monthly Cattle on Feed report will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 99.1 percent of last year with the range of estimates between 98.7 and 99.7 percent of 1 September 2024. Those estimates imply an on-fee...

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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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