Pick Your Poison The US-China Economic and Security Review Commission called on Congress to reconsider whether China should be receiving permanent normal trade relations (PNTR) status. MFN was granted in 1980 and PNTR was approved by Congress in 2001 – the latter subject to the President certifying that the PRC’s entry into the WTO was based on equivalence, instead of PNTR. The U.S. Department of Commerce has just issued notice that Russia is no longer considered a market economy. Instead, it operates under a system of cronyism and corruption. China is already categorized as a nonmarket economy since its domestic prices are not pervasively set by market forces. That is the appropriate status but Congress can debate whatever it...
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.