Glyphosate Informs NBT’s Member states are set to vote tomorrow (15 November) on the Commission’s request to extend the current approval period for glyphosate by one year. DG Sante was unable to complete the review of the herbicide in the usual timeframe due to the volume of information submitted, and the intense political interest in its outcome. The Standing Committee for the Appeal Committee on Phyto-Pharmaceuticals failed to achieve the necessary qualified majority during a similar motion last week. Malta, Luxembourg, and Croatia comprising just 1.1 percent of the EU population voted no on the motion, while France, Germany, and Slovenia abstained. Brussels is framing the extension as a legal requirement and is...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.