Indian Prime Minister Narendra Modi is certainly not going to allow Trade Faciitation (TF) to move forward without the WTO green light to subsidize India's farmers and stockpile food. Is taking the TF agreement to the brink of collapse an overreach by India? Will other countries make the concessions demanded by New Delhi? India's Bounty U.S. Secretary of Commerce Penny Pritzker is new to foreign affairs, but her agency's career staff is not, which makes curious her statement in New Delhi about Trade Facilitation (TF). After expressing disappointment, she then reportedly said that she remained "optimistic" that India would change its position and allow TF to move forward. Prime Minister Narendra Modi is certainly not going to allow TF to m...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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.