IPEF Missing Link The Biden Administration’s Indo-Pacific Economic Framework (IPEF) is a set of laudable goals, but it lacks the traditional grease by which agreements on weighty matters come to fruition. The grease is economic benefit, be it via increased access to the large American market, or some other economic enhancement. Countries do not ordinarily grant unilateral concessions, especially not to larger competitors like the U.S. Even when goals such as clean energy, fair and resilient trade, or supply chain resiliency are shared, the concern of most IPEF participants is that the U.S. wants something, and there needs to be an exchange of concessions. But for any substantive exchange, the U.S. Congress must be involved but...
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.