Aggies See China Pain China has been the top market for U.S. agriculture since 2020 and its share in some products is overwhelming. For this reason, a coalition of agriculture groups wrote to the Congress’ U.S. Select Committee on the Chinese Communist Party asking that the Middle Kingdom not be denied Permanent Normal Trade Relations (PNTR). The Select Committee is looking at the entire trading relationship, including the de minimis threshold. Former President Donald Trump led the attack on China’s skewed trading policies and now his successor, President Biden, and most of the Congress are focused on the damage it imposes on American industries. They are not much focused on the benefits of the relationship because it lacks a b...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.