World Perspectives

Gold Price Spike

The value of gold has surpassed $2,000/troy ounce for the first time. It has climbed 32 percent in value thus far this year and, given the dovish stance of U.S. monetary policy, it is likely to rise some more, eventually hitting a correction. The last peak in value was in 2011. The price of gold reflects economic concern and is used as a hedge against inflation. The price of gold does not directly impact U.S. agricultural exports, but it signals to investors the value of currency, and thus is an indirect indicator. Buying gold may reduce the value of the currency being used for the purchase. Based on the current state of the global economy, the high gold price dynamic is likely to continue into 2021. ...

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Summary of Futures

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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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