The prospects for a WTO agreement on further capping domestic agricultural supports at this December’s ministerial meeting are quite slim. Meanwhile, the push by U.S. farm groups to alter farm programs here could have unintended consequences. Energy Policy Fallout China’s cabinet says it will speed up the use of the nation’s surplus aging grains by converting them into larger volumes of ethanol. It will also boost subsidies for building storage and drying facilities. The increased fuel supply comes at the same time Industry Vice Minister Xin Guobin is quoted in the state-run Xinhua news service saying that China may join other nations in banning combustion engine cars. France, the UK and Ireland have announced future deadlines for ending...
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.