Takes One to Know One Chinese President Xi Jinping said this week that “mounting unilateralism, protectionism and bullying…” are adding risks and uncertainties to the world economy. Indeed, that was President Donald Trump’s whole strategy – to use the economic and military might of the U.S. to extract trade and foreign policy concessions from other countries. The approach invited the enmity of most other countries and arguably backfired as it converted more support for China. Yet, China's broad attacks on Australia specifically characterizes Trumpian style bullying. Indian economist Mihir Sharma says that China has made it clear that “it intends to weaponize dependence on its massive economy.” If...
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.
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...