Developing versus Developing at WTO India’s Commerce Minister, Piyush Goyal proclaimed to be speaking for all developing countries as held WTO negotiators hostage this week in Geneva. He criticized agreement language that he charged was “largely suited to the developed countries.” However, it turned out most developing countries accepted the language and a group of sixteen Latin American nations complained that it was India and some other developing countries that were distorting markets with their food export restrictions and demands for public stockholding. Facing such pushback, India reversed with Goyal instead calling this week “one of the most successful ministerials that the WTO has seen in a long time.”...
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.