Donald at Davos President Donald Trump today became the first U.S. leader to address the World Economic Forum in nearly two decades. Most notably and in a seeming reversal, Trump said he was now open to rejoining the Trans-Pacific Partnership (TPP) agreement, either through bilateral negotiations with each member or “as a group,” provided the result is a “substantially better” deal for the U.S. He went on to say that his goal is to “restore integrity to our trading system” and to make it “fair and reciprocal.” Of course, the trading system has never been fully reciprocal, and the use of state-based subsidies that he abhors are not limited to his main trading nemesis, China. Furthermore, their...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.