World Perspectives

Food CPI, Equities, and Fertilizer

It was a big day for market-moving reports with the WASDE report (see Matt Herrington’s analysis) and the Consumer Price Index (CPI) report from the Bureau of Labor Statistics (BLS). The CPI for food at home was up 1.4 in May, the fifth consecutive increase of more than 1 percent. For the year, the index rose 11.9 percent – the largest increase since April 1979 during the great stagflation.  All six major grocery store categories increased, with five of them up more than 10 percent Note that Meat Poultry Eggs and Fish was driven by a 32 percent increase in egg prices due to HPAI. Energy was up 34.6 percent. All items excluding food and energy, i.e., the “core inflation” the Federal Reserve watches, was up 6...

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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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