The real gross domestic product (GDP) forecast for the world as weighted by oil consumption, which increased by an estimated 2.4 percent in 2015, indicates a return to a balance that will benefit both oil producers and users.Crude oil is a unique commodity in our economy; its use is vitally important for most other industries and the delivery of their products and services. This is why when oil surpassed $100 per barrel, much handwringing ensued about the impact such high prices would have. Conversely, as the production and processing of oil is a major contributor to the economy, there is the same reaction now about how much overly cheap oil will harm it with prices at lows not seen in 12 years.A recent headline pointed out that distillate...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.