Transatlantic Not Dead President Trump avowed to help Maine’s lobster fishermen who confront high tariffs in China and Europe, in part due to his own trade war efforts. He threatened tariffs on Europe auto exports, and he offered financial assistance to the lobstermen, in addition to expanding their fishing area. But in the end, it was standard quid pro quo trade negotiations that will lift the EU’s barrier to American lobster. To help the lobstermen, the U.S. will have to lift its duties on European products like prepared meals, crystal glassware, surface preparations, propellant powers, cigarette lighters and lighter parts. Surprisingly not on the list is Spanish olives, which had to be high on Brussels’ ask list. ...
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...