Impeachment’s Policy Implications In September 2016, American University professor Allan Lichtman was one of just nine analysts to correctly predict that Donald Trump would win the presidency. In 2017, he predicted that Trump would be impeached within a year, which would have been 2018. Earlier this year, the prescient professor said the only way Trump would lose re-election is if Democrats “grow a spine” and impeach him. The question for markets is what will be the impact of Trump’s demise and presumably the elevation of Democrats to greater power in 2021? On the positive side, we can assume an end to tariffs and trade wars, at least for a while. There will be great geopolitical stability around the world. More co...
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: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.