USMCA Gains Offset by Section 232 A report commissioned by the Farm Foundation and conducted by Purdue University projects that the newly-negotiated USMCA will add a “relatively modest” expansion of U.S. agricultural exports of $450 million, mostly in the dairy and poultry sectors. However, the retaliatory measures taken by Canada and Mexico, a response to the U.S. Section 232 tariffs on steel and aluminum imports, will more than offset that and cause U.S. agricultural exports to those two markets to contract by $1.8 billion and $1.9 billion, respectively. Mexico has placed retaliatory tariffs on pork and cheese, and Canada imposed them on miscellaneous food products. The U.S. and Mexico are working toward a settlement on the...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.