Inflation’s Sentinel – Labor Fight The IMF’s chief economist has opined that stagflation is not a risk and JP Morgan’s influential Jaime Diamond concurs, pointing to growth accompanying inflation. But that doesn’t mean there are not worrying signals in the economy. For example: • China has increased limitations on fertilizer exports to stabilize domestic supply; • Bangladesh will ban the export of soymeal; • India greatly reduced vegetable oil import duties; and • Higher fertilizers costs will cause French farmers to grow less maize. The signals of inflation are everywhere and now most notably in labor where politics finds its third rail. Workers at tractor-maker John Deere...
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...
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.