Regional News President Trump announced 30 percent tariffs on imports from the EU effective 1 August even as the EU and U.S. trade negotiations continue. Western Europe saw heavy and mostly beneficial precipitation last week, but a dry trend is now emerging for the region. Last week’s rains paused the barley and wheat harvests but offered beneficial moisture to summer crops, including maize. The current forecast favors the winter crop harvest but will start to stress maize, sunflowers, and other spring crops. The current two-week forecast offers above-average temperatures for most of Europe and the 2-5-day outlook remains dry for western Europe as well. Thereafter, showers are forecast to move into the region, which should...
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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.