Markets are volatile due to the large number of economic cross-currents. The WTO unsurprisingly announced that global trade would decline in 2023. The combination of rising interest rates, inflating prices, energy shortages and reshoring efforts add to the burdens. OPEC+ will cut oil production by 2 billion barrels/day just as Europe tries to wean itself off of Russian gas. Some say the current combination of factors will lead to stagflation. Now the White House is said to be considering an export ban on gasoline. This will prove more globally controversial than its push for tax credits limited to domestic EV output. Domestically, it will lower gasoline prices but concurrently reduce the incentive for production. Longer term, refiner invest...
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.