Macroeconomics Food Prices Fall Year-on-Year in January by Nearly 4 Percent In another sign that China’s domestic economy is seeing further contraction to start 2022, the cost of food fell in January by 3.8 percent. In the preceding 12 months, food prices have fallen in 10 of them. January’s decrease is the largest year-on-year decline since this past September. Pork prices, even with the Lunar New Year holiday coming early, were down 41.6 percent from a year ago. The cost of fresh vegetables edged down by 4.1 percent on an annualized basis. Meanwhile, the costs of cooking oil and eggs, while up from a year ago, rose at a much slower pace than in December with upticks of 4.1 percent and 1.9 percent, respectively. The one excep...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.