Macroeconomics and Politics This weekend, Argentina’s primary elections were held to determine candidates for the general elections scheduled for October, which will define the President, governors, and part of the Chambers (Congress). The results were surprising as Javier Milei (liberal party and anti-system) got more than 30 percent of the votes in what was viewed as a referendum on the fact that the current administration is doing a very bad job. Mr. Milei’s election was a surprise as he ran without much infrastructure and no past record. Milei is pro-liberalism, which could be good for Argentina, with a consistent economic plan, and support in Congress. In the meantime, the Argentine prime minister and presidential c...
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...
In agriculture and food processing, we think a lot about infrastructure: transportation and storage, processing and packaging, distribution and delivery. It is a physical system of roads, railroads, and rivers; concrete and steel storage; processing plants, warehouses, and machinery; and, event...
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.