There have been a number of economic reports recently that on the face of them seem very positive, but in some cases, they are the sliver linings still surrounded by clouds. The final revised estimate of GDP for Q1 2023 came in at 2 percent, which is up from the prior estimate of 1.3 percent. The final data show exports up, imports down, consumer spending and home building up, which offset small decreases in business investment, government purchases, and inventories. The “cloud” is the alternative measure of the economy, Gross Domestic Income (GDI). While GDP measures the value of what the economy produces such as goods, services, and technology, GDI counts what all participants in the economy make like...
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.