Futures were higher overnight after the Wall Street Journal reported that China had agreed to purchase $70 billion of U.S. energy and agriculture products. Once again, this amounted to a “buy the rumor, sell the fact” situation, and corn and soybean futures turned lower this afternoon. The Chinese offer was conditional on the U.S. cancelling last week’s new tariffs, and the White House has not yet released a statement (or tweet) about the situation. President Trump announced today the abandonment of an overhaul of the U.S. renewable fuels policies. Under pressure from farm-state lawmakers, the administration scrapped plans to modify the Renewable Fuel Standard program, which would have benefited oil companies. Renewable I...
What You Need to Know Today: Wheat futures pulled back sharply after Russian President Putin said there was a “chance” for peace and an agreement to end the war in Ukraine. There is plenty of skepticism about the opportunity for peace in Ukraine, but that didn’t stop wheat fr...
President Trump has opened the door to 100,000 MT of beef lean trimmings (limited to HTS codes 0201.30.5091, 0201.30.5097, 0202.30.5091, and 0202.30.5097) from countries listed under the “Other Countries” TRQ effective 1 September. These imports would not be subject to the over-quot...
Key Takeaways: CHS and OCP plan to invest up to $450 million in a Louisiana phosphate fertilizer facility capable of producing more than 1 MMT annually, marking the first new U.S. plant of its kind in more than 40 years. The facility could reduce U.S. dependence on imported finished phosphate...
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.