China on Imports from U.S. The trade is said to be confused. There are conflicting reports with one stating that Beijing has ordered state-owned enterprises Cofco and Sinograin to suspend purchases of U.S. agricultural commodities with soybeans and pork mentioned, and other reports that private Chinese traders are still looking to buy. It was already questionable whether China would meet its Phase One agreement purchase levels and now it is almost certain that they will not. In addition to anger over U.S. punitive measures over Hong Kong, the political calculus has shifted to Donald Trump now vulnerable in his reelection campaign. Undermining his base of support in farm country by stopping imports is a more legitimate foreign influence on...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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.