World Perspectives

USMCA Down, Now Up; Buy the Rumor – How’s That Working Out?; WTO Showdown

USMCA Down, Now Up U.S. House Democrats are sounding more positive about their ability to pass USMCA, though it is unclear whether it will be this year or next. They are being warned about attempting passage in a presidential election year, but this isn’t the old days before social media when reporters moved on, memories faded, and so controversial work could be safely done in non-election years. Nowadays, things like USMCA either must be defensible, or not. The deal making involves enforcement of Mexico’s labor commitments, which seems doable, and extraneous unrelated matters. The wild card is the impeachment process, which shouldn’t be implicated but it is hard to strain it out. Buy the Rumor – How’s That W...

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Spread trade was the biggest feature of the day with traders rolling out of December contracts and into deferred contracts. December options expired this afternoon and there was a solid round of positioning/rolling contracts around that fact. Wheat futures were higher with no deliveries yet reg...

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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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