Multilateral is Dead; Long Live Plurilaterals Former WTO Director-General Roberto Azevêdo said this week that the ability of the organization to achieve any new agreements is thwarted because finding a consensus in Geneva has become “very difficult, if not impossible.” Reinforcing that point and driving a stake into it, India and other developing countries are opposed to modifying in any way the organization’s current mandate that agreements must be based on a 100-percent consensus of all members. In short, there may be future trade agreements, but they will be bilateral or plurilateral and not multilateral. It is time for negotiators in Geneva to accept that fact and pivot their nations’ energies toward the a...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.