Challenging Mexico GMO Policy The U.S. formally requested USMCA dispute settlement consultations with Mexico over its proposed ban on GMO corn. The move comes months after initiating informal discussions that have gone nowhere. Former Mexican agricultural trade negotiator Kenneth Smith Ramos has expressed skepticism that his country would impose the GMO corn import restriction but Mexico City’s failure to approve any new traits, including those for cotton and canola effectively constitutes a ban. Notable is that Mexico’s basis for the ban is human health and safety. There are many countries that prohibit food crops that have been genetically modified but the language in the USMCA is stronger in this regard. Inequitable E...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.