Forex Contradictions President Donald Trump may not understand the complexities of currency valuations, but he knows their importance. His concurrent chastising of foreign governments for manipulating those values while making threats against the dollars’ worth not-withstanding. China has its own conflicts. President Xi Jinping reportedly believes the renminbi should be stronger due to the superiority of his country’s economy, but demurs to the cost of a strong yuan to exports. Currency traders scratch their heads. All governments are trying to currently free-ride their way out of COVID-recessions. “Command and control” China lacks transparency and jails dissidents (see Ren Zhiqiang); while western democracies lack...
What You Need to Know Today: Traders are increasingly focused on next Wednesday’s August WASDE report, with corn and soybean yield estimates expected to drive the next major move in grain markets. Recent crop condition declines and late-July heat have increased uncertainty around USDA&rs...
Yesterday the Senate Agriculture Committee held its markup of the “skinny” farm bill, and it was derailed over Democratic opposition to plans for imposing food stamp costs on state governments. The Democrats pushed back on a provision that required states to pick up a larger share o...
Key Takeaways: WPI’s 2025/26 corn export models continue to reflect strong international demand and put the total marketing year volume slightly above USDA’s estimates. Strong old crop corn exports are offset by weaker feed and residual use, leaving ending stocks slightly ele...
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.