It is G-20 week in Buenos Aires, and the highly-anticipated side meeting between U.S. President Trump and Chinese President Xi slated for 30 November is center stage as far as agricultural markets are concerned. U.S. soybean producers desperately hope it will lead quickly to some sort of an agreement that results in China lifting the 25 percent tariff on U.S. soybean imports implemented last July. That tariff has created a de facto embargo on fresh U.S. soybean sales to China along with cancellations of those previously made but unshipped. It was imposed as U.S. farmers were in the midst of growing what appears to be a record soybean crop. As a result, soybean futures prices have fallen more than $1.50/bushel since May, and cash soybean bas...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.