There have been suggestions, almost too late now, that financial markets should be closed for a few days to enable a more rational assessment of the coronavirus situation and its actual impacts on the economy. It is noted that this is what occurred following the terrorist attacks on 11 September 2001 (9/11). The coronavirus outbreak and 9/11 are similar in that they involve systemic shocks, but they will take very different paths. The long-term cost estimate of the 9/11 attack ranges from $3 – 5 trillion, but that includes significant war funding. It did ensure an economic recession already underway, but it was a relatively mild decline, lasting just eight months and shaving just 0.3 percent off of GDP. The stock market has likely a...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
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.