At the moment, there is political inertia on a tax extender package. In part, this is because last year’s Protecting Americans from Tax Hikes (PATH) Act addressed 52 provisions expiring 31 December 2015. However, there are supporters of the initiative to address the biodiesel tax credit.President Obama signed a short-term appropriations bill into law on 29 September that will fund the government until 9 December 2016. Congress expects to return to a lame-duck session on 14 November in order to take up a longer-term appropriations bill for FY 2017 as well as a few other healthcare-related items. This session will also provide an opportunity to legislatively extend some expiring tax provisions, including the biodiesel tax credit that has a st...
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.