Surprise election outcomes in the U.S. and Europe as well as political chaos in South America have set the stage for potentially volatile foreign exchange markets, which could impact food and commodity prices despite relatively stable supply/demand fundamentals.The primary election this past weekend in France is yet another in a string of intriguing political developments around the world that started on 22 November 2015. This is when Mauricio Marci, the then-mayor of Buenos Aires and a member of the Republican Proposal Party (PRO), won the presidential runoff in Argentina against Daniel Scoli, the then-governor of Buenos Aires Province and candidate of outgoing President Cristina Fernandez’s Front for Victory Party (FPV). Although Scoli ha...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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.