The House of Representatives today voted down the farm bill by a vote of 195-234. This is the first time in recent memory that a farm bill has failed. As clients will recall from earlier reports, the strategy of Ag Committee Chairman Frank Lucas (R-Oklahoma) and House Speaker John Boehner (R-Ohio) was to get 170 Republican votes and attract 70 Democratic votes. By party, the vote breakdown is below. Six members did not vote: one Republican and five Democrats.Boehner wanted to follow the "Hastert Rule" -- named after former Speaker Dennis Hastert (R-Illinois) – which is that the majority party has to have a majority of votes to pass a bill. Boehner used a great amount of political capital on this bill, urging Republicans to support it desp...
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.