The start of the 12th WTO Ministerial in Geneva does not provide much hope for the rest of the week. The EU and U.S. delegations walked out when Russia’s representative was about to speak to the meeting. There were also dozens of countries declaring solidarity with Ukraine, but that was not unanimous. Director General Ngozi Okonjo-Iweala acknowledged that Russia’s war on Ukraine has worsened global food security. The DG also noted that just one out of 164 members could block decisions, and that “a return to might makes right in international commercial relations would be costly for the mighty, and even more damaging for everyone else.” Yet that is the precise problem with the WTO in that consensus is near impo...
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.