Irking Beijing Taiwan is working hard to beat China to membership in the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP). Taipei has joined CPTPP member Australia in a WTO dispute against Beijing for its trade curbs against Lithuania, and it has removed most restrictions on food imports from CPTPP member Japan’s Fukushima region. Japan had said the latter was the biggest obstacle to Taiwan joining. The CPTPP committee on accessions meets Thursday to consider applications by China, Taiwan, and Ecuador. African Opportunity The Sixth EU-African Union Summit gets started this week and Brussels has big ideas. It announced last week a $150 billion investment fund and envisions Africa becoming a sup...
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.