China Phase One Trade Deal and Proteins President Trump and Vice Premier He signed the Phase One China trade deal yesterday. As had been widely expected, China’s commitment is an aggregate marginal increase of $32 billion in total ag purchases over the next two years. This increase would be based off of 2017 (pre-trade war imports) of $24 billion. The $40 billion per year in total ag purchases mentioned in the press is the $16 billion annual average added to the $24 billion baseline. However, as revealed in the text of the agreement released yesterday, China’s actual commitment was an increase of $12.5 billion in 2020 and $19.5 billion in 2021 (totaling $32 billion over the two-year period). The reason for the larg...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.