The UN’s Food and Agriculture Organization prepared a slideshow for the G7 agriculture ministers that shows more food inflation even under the most optimistic of war outcomes (see graph below). Russian fertilizer magnate Andrei Melnichenko echoes those concerns. Crops cannot get planted in Ukraine because diesel fuel has been moved from farm machinery to war machinery. Romanians are hording sunflower oil and now Russia and Argentina have announced export restrictions on key commodities. Italy and other countries are asking if Europe’s green ambitions should be suspended due to the war, but affluent activists say saving the planet is more important than ensuring food production for the world’s poor. The G7 is worried about...
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.