New World Order U.S. Treasury Secretary Janet Yellen said yesterday that harsh consequences will be imposed on countries that break the international economic order and charged Russia with weaponizing economic integration. For Moscow, that must have sounded rich since it is Washington trying to economically isolate Russia. Moreover, efforts to reduce reliance on China and instead trade with “friends” that “share common values” has had the ring of Western isolationism. Then there is the nationalistic rush to crank up domestic production of semiconductors, solar panels, rare earths, and other goods that are currently mostly traded. However, the risk to the dollar as a reserve currency does not come from the ren...
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.
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...