Mexican Desperation Populist Mexican Deputy Agriculture Secretary Victor Suarez is facing a losing case in a USMCA dispute settlement case over GM corn as evidenced by his latest desperation move. Claiming the U.S. has no evidence to support the safety of GM corn, he demanded a joint scientific effort to study the health impacts of GM Corn. The U.S. refused and so he declared Washington unwilling to cooperate. The safety of GM corn has been settled science in multinational fora for decades. The U.S. is not going to concede to a joint study when it has the facts on its side. The challenge to Mexico is to prove otherwise. The demand for joint studies is a signal of self-doubt on this point, otherwise bring the contrary evidence to the panel...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.