Ruling on Smithfield/Counter Offer The U.S. Committee for Foreign Investment in the U.S. (CFIUS) could rule as soon as tomorrow on the Shuanghui International offer for Smithfield Foods. The Treasury Department-administered CFIUS took an extra 45 days to consider the purchase, which would be the largest acquisition of a U.S. company by a Chinese company. Tomorrow is the end of that period. The bottom-line from the deal is that Shuanghui will import pork from Smithfield operations in the U.S .and Smithfield assures that no Chinese pork will enter the U.S. CFIUS reviews such foreign finance acquisitions on national security grounds. Expectations are that commodity pork exports as well as Shuanghui's interest in Smithfield's procedures an...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.