Lump of Coal About 17 countries plus the EU presently have national carbon pricing. Some countries are threatening border taxes to prevent so-called carbon leakage, whereby countries with less punitive policies on carbon would otherwise have a competitive advantage. Critics have charged that such measures would likely violate the WTO. Perhaps reinforcing that notion, World Trade Organization Deputy Director-General Jean-Marie Paugam said this week that a global carbon price is the “first, best approach” to addressing climate change. This echoes the OECD effort to adopt a global minimum corporate tax, which remains in limbo. Achieving a global agreement on taxing carbon and at what level likely proves to be even more daunting th...
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...
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.