Congress will return to session after the August recess in the coming weeks, the Senate next week and the House the following week. They will be in session for a short time before adjourning in October for the November elections. The conventional wisdom in Washington is that the Republicans are likely to take a majority in the House, which, if that happens, means new committee chairmen. For the House Agriculture Committee, that’s Representative Glenn Thompson (R-Pennsylvania). Thompson was at the farm progress show in Iowa this week and was questioned about the upcoming farm bill. He was clear that he opposes an extension of the 2018 farm bill, but that means the process must move swiftly next year. If he becomes chairman, he intends...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.