Mexican Desperation Populist Mexican Deputy Agriculture Secretary Victor Suarez is facing a losing case in a USMCA dispute settlement case over GM corn as evidenced by his latest desperation move. Claiming the U.S. has no evidence to support the safety of GM corn, he demanded a joint scientific effort to study the health impacts of GM Corn. The U.S. refused and so he declared Washington unwilling to cooperate. The safety of GM corn has been settled science in multinational fora for decades. The U.S. is not going to concede to a joint study when it has the facts on its side. The challenge to Mexico is to prove otherwise. The demand for joint studies is a signal of self-doubt on this point, otherwise bring the contrary evidence to the panel...
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.