Ag Negotiator President Joe Biden announced his intent to nominate Elaine Trevino to be the U.S. Chief Agricultural Trade Negotiator. Trevino is President of the Almond Board Alliance of California. Her prior experience includes serving as Deputy Secretary and Assistant Secretary at the California Department of Agriculture with a focus on international trade. She has bipartisan bona fides since she served both Governor Arnold Schwarzenegger, a Republican, and Governor Gray Davis, a Democrat. She was notably appointed by President Trump to serve on the joint USDA/USTR Agricultural Policy Advisory Committee. USTR Katherine Tai noted that Ms. Trevino would be the first woman of color and the first Latina in the position of U.S. Chief A...
What You Need to Know Today: U.S. Treasury Secretary Bessent said Friday that the U.S. has seized $1b of Iranian crypto assets. Iran’s IGGC says 15 merchant vessels, including 4 oil tankers, have passed through the Strait of Hormuz in the past 24 hours. Managed money traders...
Developer's Note: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where obs...
Game of Chicken The U.S. and Mexico just completed an initial round of bilateral negotiations leading up to completing a joint review of the U.S. Mexico Canada Agreement (USMCA). A second round is scheduled for June 16-17 in Washington and will include agriculture as a key agenda item. A third...
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.