UN Secretary General Antonio Guterres attended the weekend’s G-7 summit in Hiroshima. At the meeting, he suggested the UN Security Council and the Bretton Woods global financial institutions need to be updated. He correctly noted that their design was based on the dominant countries right after World War II. Much has changed since then. Bangladesh has a population larger than Russia. China and India together will contribute over half the world’s economic growth in 2023. The G-7 was half the world’s GDP in 1980 but is just 30 percent of the total today. Mr. Guterres was not specific about how he envisions the institutions changing, but his focus was inequality and so presumably it would involve the loss of power by G...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.