There is good news for ethanol exporters as Brazil may very well lift the newly established tariff-rate quota (TRQ) on ethanol imports, which was imposed by its Council of Ministers of the Foreign Trade Chamber (CAMEX) in September (see Ag Perspectives, 8 August 2017). At the time, receipts of ethanol from the U.S. were up 308 percent over the previous year. The TRQ applied a 20 percent tariff to ethanol imports in excess of either an aggregate total of 600 million liters (158.5 million gallons) or 150 million liters (39.6 million gallons) per quarter or in any given month. The U.S. had exported enough ethanol in May to trigger the TRQ. Anticipation of that new levy and its implementation resulted in a 55 percent drop in those shipments dur...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.