Fuel Aid Better than Food Aid President Trump says that larger federal receipts from the higher tariffs on goods imported from China will be used to purchase American farm goods that are then shipped abroad to feed the hungry. The precedent for this idea is Section 32 of the Agriculture Act of 1932, which authorizes the use of customs receipts for such purposes. However, the proposal was met with incredulity, including the circulation of a mock picture with grain silos on the White House lawn. The CME was mixed to lower. A fundamental problem with the plan is its sheer volume. The suggested purchase of $15 billion worth of farm products would swamp international food aid, a system that has been moving away from commodity transfers and tow...
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.