Mexico Ignores Science Question In response to U.S. Agricultural Trade Ambassador Doug McKalip’s throwing down the gauntlet and demanding by today the scientific basis for Mexico’s GMO corn ban, AMLO equivocated. His government announced that the deadline had been moved and that GMO corn for feed will be allowed, but GMO corn for food like flour, dough and tortilla’s will be banned along with glyphosate. GMO corn can be used for industrial products like cosmetics, textiles and paper. This does not respond to the science question. Moreover, it opens a whole new set of questions. What about GMO corn used in starch or pharmaceuticals? And how will inevitably cheaper GMO corn for feed be kept out of food? But the more...
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.