India’s Water India is still hoping to hold the Trump administration from removing it from eligibility for lower tariffs under the Generalized System of Preferences (GSP). The latest message from New Delhi is that the government is looking at increasing imports from the U.S. to reduce its trade surplus with America. The offer might pair up with President Trump’s view of trade but is unlikely to be sufficient for USTR Robert Lighthizer. In fact, he is looking at initiating a Section 301 investigation into all of India’s trade practices. Such a study will find India has as much or more “water” (the gap between the applied and WTO-bound rates) in its tariff schedule as any other country, and that its constant flu...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
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.