World Perspectives

Watershed Farm Bill Situation

Today's unusual defeat in the U.S. House of a major farm bill proposal reflects many new dynamics, not the least of which is the urbanization of America.  It proved that House Speaker John Boehner (R-Ohio) was correct last year in calculating that a bill could not be passed in the body, and wrong this year for assuming anything had changed.  The farm bill, which has historically been fought over on regional grounds rather than political partisanship, has now joined most other areas in the battle of left versus right.Domestic food assistance via the SNAP program was ground zero for the philosophical debate over economics.  The right sees food aid growing so fast that it contributes to reduced labor ambition, thus amendments...

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Jul 26 Corn closed at $4.635/bushel, down $0.0025 from yesterday's close.  Jul 26 Wheat closed at $6.1675/bushel, down $0.035 from yesterday's close.  Jul 26 Soybeans closed at $11.785/bushel, up $0.0375 from yesterday's close.  Jul 26 Soymeal closed at $319.1/short ton, up $2.6...

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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.

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