False Equivalence In asserting its right to be treated like a market economy, China claimed in Geneva this week that its industrial subsidies are no different than the EU’s Common Agricultural Policy or U.S. corn prices. This is false equivalence in terms of both law and scale. First, the Uruguay Round agreement specifically provides for the agriculture subsidies, whereas China exploits a loophole in the Agreement on Subsidies and Countervailing Measures. Second, agriculture represents just 1.5 percent of EU gross domestic product (GDP) and 1.0 percent of the American economy. By contrast, China’s national government is manipulating nearly 40 percent of its major industries via their being state-owned. Based on the WTO appellat...
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.