As we wrote yesterday, while the House Agriculture Committee finished its version of the reconciliation bill, the House Ways and Means Committee is working it its portion. Late yesterday, an outline of tax changes to pay for the reconciliation bill was released, which confirmed that the proposed changes to the stepped-up basis for capital gains that agriculture and commodity groups oppose was dropped from the Ways and Means bill. The next stage of the process for the tax provisions, however, lies with the Senate Finance Committee. Committee member, and opponent of the proposal that he has labeled a “political football,” Senator Charles Grassley (R-Iowa) says he is not sure what the majority side of the Committee “is think...
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.