World Perspectives

GMO versus GHG; State versus Commercial

GMO versus GHG Vietnam has delayed its decision to ban glyphosate into 2021 but Thailand has maintained its ban, which is adversely impacting U.S. commodity shipments with any residues. American officials are pressing their Thai counterparts to use science-based standards, but it is unclear how much Bangkok is influenced by the earlier withdrawal by Washington of $1.3 billion in Generalized System of Preferences (GSP) preferences. The U.S. charges Thailand with failure to protect worker rights. Meanwhile, it is also being argued that without glyphosate and other herbicides, farmers are unable to use no-till approaches and thus the Thai position will result in worse greenhouse gas emissions and thus worse global climate change. State versu...

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Dec 25 Corn closed at $4.32/bushel, up $0.0225 from yesterday's close.  Dec 25 Wheat closed at $5.36/bushel, up $0.0025 from yesterday's close.  Jan 26 Soybeans closed at $11.2725/bushel, down $0.0275 from yesterday's close.  Dec 25 Soymeal closed at $316.9/short ton, down $3.1 f...

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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.

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