World Perspectives

Policy Roundup

Baffling Trade Policy Trade policy aficionados in Washington are scratching their heads over some parts of President Obama's recent announcement. These include: Georgia FTA: A free trade agreement with Georgia? There was some speculation that it related to the Tbilisi government's decision to end its blockade of Russia's entry into the WTO. In other words, the U.S. wanted Russia's entry and had to do something for Georgia to make it happen. But then President Obama's reference to Russia's entry in his State of the Union address was oblique at best: "And this Congress should make sure that no foreign company has an advantage over American manufacturing when it comes to accessing financing or new markets like Russia." He made no specif...

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Cattle on Feed Report Shows Record Low Marketings

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feed-grains soy-oilseeds wheat

Market Commentary: Absent Chinese Demand, Supply Dominates the Mood

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USDA’s monthly Cattle on Feed report was released today at 3 p.m. Total cattle on feed amounted to 11.1 million head, 99 percent of last year, as expected.    Placements and marketings came in slightly more bullish than the pre-report estimates, but still close, within one perc...

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Summary of Futures

Dec 25 Corn closed at $4.24/bushel, up $0.0025 from yesterday's close.  Dec 25 Wheat closed at $5.225/bushel, down $0.0175 from yesterday's close.  Nov 25 Soybeans closed at $10.255/bushel, down $0.12 from yesterday's close.  Dec 25 Soymeal closed at $284/short ton, down $0.7 fro...

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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.

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