Today, the U.S. International Trade Commission (ITC) voted not to impose antidumping (AD) duties on UAN from Russia and Trinidad and Tobago (see prior coverage from 10 June here). This is a surprise outcome; in June the Department of Commerce ruled that UAN exports were unfairly subsidized and dumped. For Trinidad and Tobago, the weighted average dumping margin was calculated at 111.71 percent which is where the AD duties would be set. The unfair subsidy and CVD rate was determined to be 1.83 percent. Today’s vote by the ITC was on whether the U.S. industry was harmed by imports from Trinidad and Tobago and Russia; the determination was the U.S. industry was not harmed. Trinidad accounts for about 45 percent of all UAN i...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.