As clients will recall, the House farm bill was sunk in May on a vote of 198-213. No Democrats voted for it due to the work requirement reforms pertaining to the Supplemental Nutrition Assistance Program (SNAP). Further, 30 Republicans voted against the bill. They were primarily from the conservative Freedom Caucus, which made the tactical move to leverage the farm bill to secure a vote on immigration reform. As of yesterday, a path forward for the House farm bill started to emerge. House Agriculture Committee Chairman Michael Conaway (R-Texas) is working a whip count on the Republican side, meeting with the 30 members who opposed the farm bill as well as the seven who missed the vote and whose position on the legislation is unknown. The g...
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.