Biden SOTU versus EU Hopes President Joe Biden in his State of the Union address tonight will call for increased application of Buy America provisions in government contracting. Separately, German Economy Minister Robert Habeck thinks a free trade agreement with the U.S. limited to just critical minerals will unlock access for German automakers toward obtaining American taxpayer subsidies under the IRA. Meanwhile, Jonathan Packroff of Euractiv questions the whole EU hissy fit over the IRA, noting that it involves no more subsidies than EU countries themselves already spend on wind, solar and EV’s. The critical issue is that the IRA conditions tax credits on Made in America, something Biden is doubling down on and is WTO-illega...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
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.