Interstate Trade War Georgetown University Professor Marc L. Busch notes that the trade agreement between Canada and the U.S. forced Canada to liberalize trade between its own provinces. The rules and regulations at provincial level intended to protect local businesses had a trade burden equivalent to a 6.9 percent tariff. The EU’s single market concept still has a lot of work to do as nationalists increasingly resort to protections like country-of-origin labeling, but the U.S. is not innocent in this regard. The Interstate Commerce Clause has been shredded by states like California enacting their own pollution laws and restrictions on how animals and products are produced out of state. The “buy local” emphasis in recent...
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.