Subs and Trade China has applied for membership to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a move that should require the Biden Administration to reevaluate its reluctance to join the trade agreement. Beijing made the application on the same day it joined France in decrying a joint U.S.-UK sale of nuclear submarines to Australia. It happened one day before the EU announced a new strategy for increasing European influence in the Indo-Pacific region that includes an increase in naval presence in the region. While China believes it will successfully join CPTPP, others cite the challenges Beijing will have with meeting the agreement’s requirements for transparency and state-owned enterprises. It...
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...
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.