World Perspectives

China Strike First; Bad Boy of Africa; Made in Failure

China Strikes First The Biden Administration’s light-handed approach to trade is starting to reveal its cost. Ecuador has just announced completing a free trade agreement with China. Ecuadorian President Guillermo Lasso, a South American moderate politician, visited Washington last month and while President Biden promised to strengthen the U.S. relationship with his country, there was no offer of a free trade agreement. Ecuador is a well-functioning democracy with an economy pegged to the dollar. President Biden recently signed a Congressionally approved U.S.-Ecuador Partnership Act, which transfers a couple of used Coast Guard cutters to Quito, and promises more economic integration and other supports, but China has the big price...

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Mar 26 Corn closed at $4.365/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.095/bushel, down $0.1125 from yesterday's close.  Jan 26 Soybeans closed at $10.6275/bushel, down $0.09 from yesterday's close.  Jan 26 Soymeal closed at $302.4/short ton, down $1...

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Mar 26 Corn closed at $4.365/bushel, down $0.0325 from yesterday's close.  Mar 26 Wheat closed at $5.095/bushel, down $0.1125 from yesterday's close.  Jan 26 Soybeans closed at $10.6275/bushel, down $0.09 from yesterday's close.  Jan 26 Soymeal closed at $302.4/short ton, down $1...

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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.

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