World Perspectives

Drop in Food Borne Illnesses

At least anecdotally, some food industry lawyers report a drop-off in food borne illness litigation cases this year. Official data is reported by the Centers for Disease Control annually, but litigants are a proxy for industry developments. Part of the reason could be the switch in consumption to homes instead of restaurants and bars (see graph below).  Historically, most cases occur in the home or in local food establishments. Those occurring in homes are more difficult to track since reporting is less concise. Some warn that the coronavirus has become a statistical catch-all for many unrelated illnesses, which means a food borne pathogen may have been confused for the coronavirus. It may also be the case that plaintiffs’ attor...

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Cattle on Feed Report

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Once again, the major finding of Friday’s CFTC report is that funds still remain solidly bullish corn and added another 7 percent to their long position in that market. That was particularly impressive as the week ending 19 November (the reporting deadline for the CFTC report) included days wit...

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Summary of Futures

Dec 24 Corn closed at $4.255/bushel, down $0.0125 from yesterday's close. Mar 25 Wheat closed at $5.6475/bushel, down $0.0475 from yesterday's close. Jan 25 Soybeans closed at $9.835/bushel, up $0.0575 from yesterday's close. Dec 24 Soymeal closed at $289.2/short ton, up $1.5 fro...

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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.

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