DE&I Comes to Trade It is busy this week on the U.S. West Coast. Asian leaders are negotiating with their American hosts on APEC, IPEF, and U.S. – China bilateral relations. The latter is supposed to become less prickly as Joe Biden and Xi Jinping meet for the first time in a year, but it still sounds pretty testy. It doesn’t help when the U.S. president repeatedly and without foundation characterizes China as having real problems. It is not like Joe Biden's world is perfect. His phrase of the week has been that “competition doesn’t have to become conflict.” President Xi rebuts with the argument against the fixed pie economic concept, one country’s growth helps other countries. That is why everyone r...
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.