It was another day of market turmoil over tariffs. There is still not enough clarity or transition time for businesses. The high tariffs between the U.S. and China seem likely to be permanent. The public will only accept the high cost of this war if they understand and accept its goals. History is not kind on this score. Christopher Irons notes that four previous presidents raised tariffs (John Quincy Adams, 1828); John Tyler, 1842; Benjamin Harrison, 1890; and Herbert Hoover, 1930) and "...each of those earlier presidents and their parties lost subsequent elections, and their tariff policies were repealed." Economist Craig Pirrong says China is the sole focus of Trump’s trade war, and that the tariffs are not fit for purp...
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.