Vice President Kamala Harris has picked Minnesota Governor Tim Walz as her running mate a week before the Democrat National Convention in Chicago. Walz is in his second term as Governor, first elected in 2018, and before that he was a six-term Congressman and member of the House Agriculture Committee from the rural 1st Congressional District, covering Mankato and Rochester, and spanning across the southern part of the state bordering Iowa. He won that seat defeating then-Representative Gil Gutknecht, also a member of the House Agriculture Committee. The district is traditionally Republican; in the Presidential race it was won by Bush in 2000 and 2004, Obama in 2008 and 2012, and by Trump in 2016 and 2020. Since Walz left to run...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.