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: 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.