Argentine Policy Updates Last night, Argentina’s Liberal candidate for president, Javier Milei, was elected as the next President of Argentina and will assume his role on 10 December 2023. In his campaign, he promised to move the country’s economy to the U.S. dollar, eliminate export taxes, and – importantly for agriculture - allow freedom in markets without government intervention. We'll see how much he can actually accomplish, but in principle, it seems to be the right path. What lies ahead in the coming months, however, might be tough as the first step is to rectify the economy and deregulate everything that the current government regulated. That will be needed just to arrive at the next elections with some breathing...
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.