Pork prices have been volatile but that has not prevented U.S. pork exports from rising. In fact, there is a slight negative correlation (-.28) between front-month futures and monthly pork exports. Moreover, pork exports increased in 2022 despite a rise in global ending stocks. Instead, U.S pork exports have benefited from a softening in competition from Canada and the EU. This has occurred despite exporters bearing the burden of a strong dollar. Although Canada’s pricing has been cheaper, EU prices have been running higher. U.S. pork futures fell 5.17 percent last week, and one week earlier pork exports hit a marketing year high. ...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.