Out COMPETES The U.S. House released a bill today whose proponents say will enable America to compete with China in science and technology. The biggest component of the COMPETES Act is $52 billion in subsidies to manufacture semiconductors. There is another $45 billion in subsidies for improving the supply chain. It is always difficult to predict how such government largess will turn out, but inevitably there will be some good and some bad. The bill also bolsters STEM education and research, though it is unclear what prevents Chinese students and scientists from also benefiting from generally public goods in an open society since they have in the past. Perhaps most impacting American consumers and Chinese exporters would be an end t...
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.