Lacking Intellect The West has shown Russia how dependent it is on the capitalist financial system by imposing a wide range of sanctions. Russia is now striking back by saying it will not compensate “enemy countries” for any intellectual property it steals from them. The “enemies” list includes the EU, U.S., Japan and 14 other countries Moscow considers “unfriendly.” Russia says it will also repay debts in rubles only, which are fast evaporating in value. The Russian evil empire ranks number 45 on the 2021 Global Innovation Index, behind Vietnam, Thailand, and other smaller developing countries. Russia has also banned the import and export of certain unspecified goods and raw materials deemed esse...
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.