World Perspectives

S&D Effort Breaks Model

The Trump Administration’s approach to trade policy can be characterized as power politics. It has withdrawn the benefit of accessing the large American market to coerce improved terms of trade. In its current effort to reform the use of special and differential (S&D) treatment in the WTO, it has used the more traditional approach of intellectual persuasion. USTR Robert Lighthizer is personally meeting with beneficiary countries and asking them to forgo S&D treatment in future negotiations (not past agreements). Since the poorest of countries have defended S&D for all including advanced economies, one would have expected a threat to deny S&D to all countries unless the smaller subset of more advanced countries agrees t...

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Summary of Futures

Dec 25 Corn closed at $4.32/bushel, up $0.0225 from yesterday's close.  Dec 25 Wheat closed at $5.36/bushel, up $0.0025 from yesterday's close.  Jan 26 Soybeans closed at $11.2725/bushel, down $0.0275 from yesterday's close.  Dec 25 Soymeal closed at $316.9/short ton, down $3.1 f...

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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.

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